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Industry & Economy
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Foreign Trade
Nod for tax treaty with Senegal
New Delhi, Dec. 13
The Union Cabinet on Thursday gave its approval for
the signing of a double taxation avoidance
agreement (DTAA) with Senegal. This agreement, when
it enters into force, would stimulate the flow of
investment, technology and services from India to
Senegal and vice-versa, the Parliamentary Affairs
Minister, Mr Priyaranjan Dasmunshi, told reporters after
the Cabinet meeting. He said that the DTAA would
provide tax stability to the residents of India and Senegal,
and facilitate mutual economic cooperation. India has
already entered into DTAAs with more than seventy
countries of the world. - Our Bureau
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