Finance Minister meets with External Relations Minister of Jersey

Manama, Sep. 15 (BNA): Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, met with ‏Senator Ian Gorst‏, Minister for External Relations of the Bailiwick of Jersey, on the occasion of his visit to the Kingdom of Bahrain.

Shaikh Salman bin Khalifa reviewed relations between both sides, particularly in the financial and economic domains, highlighting the importance of advancing progress to further developing cooperation for the benefit of both countries and their peoples.

The Finance Minister emphasised the longstanding cooperation between Bahrain and Jersey, noting the shared commitment to developing bilateral ties and advancing them to higher levels to meet common aspirations.

An agreement on the elimination of double taxation and the prevention of tax evasion and avoidance was signed by Shaikh Salman bin Khalifa on behalf of Bahrain, and by Senator Gorst on behalf of Jersey.

The Finance Minister said the agreement is an important step towards enhancing economic, investment and trade partnership between the two countries and expanding its scope. He highlighted the important role of such agreements in promoting economic progress and facilitating attractive investment opportunities that support development goals.

The double taxation agreement aims to further develop economic relations and cooperation between the Kingdom and Jersey and take the partnership to new levels to achieve shared aspirations.