MPs vote for double taxation avoidance with Switzerland
Members of the Iranian Parliament have voted to avoid double taxation in trade between Iran and Switzerland, which is expected to boost bilateral economic ties.
"We have secured our foothold in the Swiss market, exporting carpets and other types of flooring, different kinds of fruit and saffron. In return, our main exports from this western European country include field corn, soybeans, soymeal and unrefined vegetable oils,” Hadi Qavami, deputy economy minister said.
Sharif Nezam-Mafi, chairman of Iran-Switzerland Chamber of Commerce, said to ILNA newsagency that we have good reason to be happy with the parliament’s decision. It goes to show that our MPs view Switzerland as a long-term trade partner. This is good news.
"This decision shows that lawmakers look at Switzerland as a long-term trade partner in Iran’s economy, adding that if it is implemented, it can boost the trade between Iran and Switzerland."
He noted that Switzerland is currently the main European trade partner of Iran and it has more trade with Iran than Germany, France and Italy.
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