Colombia to ratify DTAA with India by year-end

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Colombia to ratify DTAA with India by year-end By TII News Service Jul 09, 2012 , New Delhi
THE Indian Minister of State for Commerce and Industry, Mr J M Scindia, and his counterpart in Colombia, hailed the Bilateral Investment Promotion & Protection Agreement (BIPPA), which came into effect on June 25, 2012. Mr Scindia urged the Colombian Minister to expedite the ratification of the Double Taxation Avoidance Agreement(DTAA) from the Colombian side as such measures will help build the investor's confidence on both sides. The Colombian Minister Dr. Hart stated that enhancing economic engagement with India is a priority of the Colombian Government and he expects the Colombian Parliament to ratify the DTAA by this year end. The Colombian Minister also appreciated the contributions being made by Indian companies in Colombian economy and invited them to investment in India.

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