Malta and Saudi Arabia recently signed a cooperation agreement
in the field of maritime transport. The cooperation agreement
encourages increased collaboration to develop movement of
commercial vessels between Malta and Saudi Arabia, facilitate the
transport of goods and persons, as well as economic and trade
relations between them. It also seeks better coordination of
commercial maritime traffic between the two countries, as well as
information exchange, common positions in international
organisations and fora relating to maritime transport and technical
and training cooperation. The agreement, signed by the Malta
Minister of Transport, Mr. Joe Mizzi and his Saudi counterpart, HE.
Mr Suleiman bin Abdullah Al Hamdan, builds on the good relations
between the two countries and the double taxation agreement between
the two countries, which also regulates profits from the operation
of ships or aircraft in international traffic as defined by the
agreement. (LN 25 of 2013). Double taxation relief agreements have
also been signed and ratified with several other countries (For
texts of treaties see MFSA website).
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