Liechtenstein is working towards a double taxation agreement (DTA) with India. Alongside an EFTA free trade agreement with India, the DTA was an important topic when the Indian Minister for Foreign Affairs visited Liechtenstein.
Minister for Foreign Affairs Aurelia Frick confirmed to Minister Vijay Kumar Singh that Liechtenstein was interested in a bilateral double taxation agreement (DTA) with India, according to a press release. The agreement would promote economic exchanges between the countries, she said. A free trade agreement between India and the European Free Trade Association (EFTA) states could also contribute to these exchanges. Liechtenstein, Iceland, Norway and Switzerland make up the EFTA states.
The change of government in India two years ago interrupted these negotiations. According to Frick, they should be re-opened and concluded as quickly as possible. Despite the progress made already, there are still some points left open, she said. Quoted in the press release, she commented: Extending the EFTA free trade network to include India would offer companies in Liechtenstein better access to this important and fast-growing market.