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Monday, June 29, 2009

One step forward, two steps back: Day signs trade agreement, Cannon signs tax agreement

Stockwell Day Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, today signed four new agreements to increase trade and investment between Canada and Jordan.

“Following the visit by King Abdullah II to Canada in July 2007, our countries have made significant progress in strengthening trade and investment,” said Day. “Our efforts have led to the signature of four agreements that will help open doors for Canadian and Jordanian business.”

This free trade agreement with Jordan will eliminate tariffs on the majority of Canadian exports to Jordan, directly benefiting Canadian exporters in sectors including forestry, manufacturing, and agriculture and agri-food.

On Monday, Lawrence Cannon, Minister of Foreign Affairs, will sign the Convention between the Hellenic Republic and Canada for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital.

International tax treaties like this one limit competition among tax jurisdictions while promising to harmonize tax law, reduce barriers to trade and prevent double taxation. When there is less competition for a tax base, there is less pressure on governments to keep taxes low.

(Picture: Stockwell Day)

Posted by Matthew Johnston

Posted by westernstandard on June 29, 2009 | Permalink

Comments

Hi....How Are you ....
Iam Agriculture Engineer Have both Canadian /Jordanian citizen...Live in canada..
I would like to be informed more about the Agriculture products that can be exported and imported betwen jordan -canada..
thanks

Posted by: Mohd Badran | 2009-07-09 6:25:52 PM



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