Double taxation agreement to be signed during upcoming visit of Prince Saud to Spain

Published April 10th, 2006 - 10:28 GMT
Al Bawaba
Al Bawaba

A spokesman for Spain's foreign minister revealed that two agreements are expected to be signed during an upcoming visit of Saudi Prince Saud to Spain.
 
Manuel Cacho said that the visit, to take place in the middle of next month, would deal with the issue of double taxation, and the second with the legal framework for economic cooperation between Spain and Saudi Arabia, according to <i>Arab News</i>.
 
Trade between the two countries is currently more than $3.5 billion a year, with Spanish exports to Saudi Arabia reaching some $770 million.