TEHRAN (Iran News) – Iran and Finland have signed an agreement on avoiding double taxation as the two countries seek to expand trade and business ties.
The double tax deal had been signed earlier in the day during the presence of the Finnish foreign minister Pekka Haavistoin in the headquarters of the Iranian Ministry of Economic Affairs and Finance where he met Iranian finance minister Ehsan Khandouzi.
The report quoted Khandouzi as saying during the meeting that the tax agreement could enable Iran and Finland to restore their economic relations to the levels seen before the U.S. sanctions hit trade between the two in 2018.
While hailing humanitarian stances adopted by Scandinavian countries like Finland, Khandouzi said Iran hopes to increase its imports of pharmaceuticals from the country as a result if signing the tax treaty.
The minister said that Iran’s growing trade relations with countries like Finland shows that the country will no longer limit itself to economic ties with Britain, France and Germany as the three major European powerhouses.
For his part, Finland’s Haavistoin hailed Finland’s booming relations with Iran and said that senior government authorities in the country are keen on expanding bilateral ties, according to remarks covered in IRNA’s report.
The Double Taxation Avoidance Agreement signed with Finland is Iran’s 52nd, said the IRNA report, adding that the country prepares more such deals to boost trade and business ties with other countries.
The treaty comes amid Iran’s efforts to provide certainty for business and trade activity and to strengthen economic ties with the rest of the world as the country uses increased trade revenues to offset the impacts of American sanctions on its crude exports.
