India, Indonesia ink DTAA

In order to prevent double taxation and fiscal evasion, India and Indonesia signed double taxation avoidance agreement (DTAA).
The relationship b/w both countries is excellent and has strong historical and cultural ties. Both countries hope to achieve the trade target of 25 billion US Dollars by 2015.

India and Indonesia are partners in the Non Aligned Movement and the ASEAN grouping.
Both the countries also discussed on the issue of South China Sea. Indonesia wants a code of conduct for the region.

India had made its stand clear on the issue of code of conduct regarding South China Sea and favors resolution of all differences for the well-being of the region and in line with international law.

Month: Current Affairs - July, 2012