Bangladesh-Morocco sign deal on avoidance of double taxation


 DHAKA, Mar 1, 2018 (BSS) – Bangladesh and Morocco signed an agreement on Avoidance of Double Taxation and a Protocol on Foreign Office Consultations.

Foreign Minister Abul Hassan Mahmood Ali, MP and his Moroccan counterpart Nasser Bourita put pen on the paper at the Ministry of Foreign Affairs in Rabat on Wednesday during a bilateral meeting, said a foreign ministry press release today.

In the meeting, they discussed the whole range of bilateral issues between the two countries, and agreed to strengthen bilateral cooperation in the areas of economic development, trade and investment, agriculture and tourism cooperation.

Mahmood Ali thanked Moroccan Government for their support and cooperation to Bangladesh on recent Rohingya crisis.

Both sides stressed on holding regular Foreign Office consultations and high-level visits with a view to further strengthening the existing bilateral relations.

The Moroccan Foreign Minister discussed the possibility of technical assistance and cooperation in phosphate fertilizer industry in Bangladesh, including the production of customized and cost-effective phosphate fertilizer suitable for different types of soil.

At his invitation, the Bangladesh delegation visited OCP Group office, a global market leader of phosphate and its derivatives and a key player in the international phosphate market since 1920.

Morocco holds 75 percent of the phosphate reserves of the world and is ranked third in the world in its production.

Bangladesh Foreign Minister also called on the Prime Minister of Morocco Dr. Saad Eddine El Otmani at latter’s office in the afternoon.

He conveyed greetings of President Abdul Hamid and Prime Minister Sheikh Hasina to the King of Morocco through the Moroccan Prime Minister.

The Moroccan Prime Minister applauded the remarkable progress made by Bangladesh in all economic and social indicators under the visionary and progressive leadership of Prime Minister Sheikh Hasina.

Bangladesh Ambassador to Morocco Sultana Laila Hossain and senior government officials were present during the meetings.