India, Thailand ink agreement on avoiding double taxation

Bangkok/New Delhi, (IANS) India and Thailand on Monday exchanged the Instruments of Ratification of the extradition treaty and also an agreement for the avoidance of double taxation after talks in Bangkok between External Affairs Minister Sushma Swaraj and Thai Deputy Prime Minister Gen. Tanasak Patimapragorn.

The two leaders also reviewed the bilateral ties during the Seventh Thailand-India Joint Commission meeting.

Sushma Swaraj, who is on a two-day visit to Thailand, inked a treaty to provide the legal framework for seeking extradition of fugitive offenders, including those involved in terrorism, transnational crimes, economic offences etc.

The treaty provides for the extradition of any person who is wanted for trial or for the imposition or enforcement of a sentence by one contracting state and is found in the territory of the other contracting state.

This will help both countries in expedited extradition of fugitives.

This treaty will further strengthen the relationship between law enforcement agencies by providing a firm legal basis for their bilateral cooperation, said an official statement.

Both sides also inked an MoU on establishment of the Nalanda University.

By signing this agreement, Thailand joined other East Asian Summit (EAS) countries in the establishment of the university.

Both sides also inked an agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income, so as to promote economic cooperation between two countries.

The two countries also inked an MoU on the establishment of the ‘Academic Chair’ in ayurveda, according to which the Central Council for Research in Ayurvedic Sciences will set up a Chair at Rangsit University in Thailand to undertake academic and research activities in ayurveda.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here