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Romania, Spain signed agreement between the two governments to avoid double taxation
Romania's Foreign Minister Teodor Melescanu and his Spanish counterpart Alfonso Maria Dastis Quecedo in Bucharest on Wednesday signed an agreement between the two governments to avoid double taxation, a document deemed important in encouraging bilateral economic relations.
The Romanian Foreign Ministry (MAE) says in a press statement that Melescanu had bilateral consultations with his Spanish counterpart as part of the latter's official visit to Bucharest.
"The two ministers of foreign affairs signed an agreement between the two governments on the avoidance of double taxation, a document of fiscal and economic relevance to the citizens and entrepreneurs of the two countries that will round up the legal framework for encouraging bilateral economic relations," says MAE.
The two ministers also agreed to intensify the frequency of consultations between the two foreign ministries and between other ministries in the period immediately ahead, with a view to organising a first joint meeting of the two national governments.
"Minister Teodor Melescanu mentioned the very important role of the Romanian community in Spain, including in the light of the significant contribution it brings to the economic development of this country and thanked his Spanish counterpart for the support extended for the integration of the Romanian community with the Spanish society. During the meeting, the head of the Romanian diplomacy reconfirmed its strong support for the sovereignty and territorial integrity of Spain and displayed full solidarity with the Spain, showing that Spain is and will remain a valuable strategic partner of Romania."
The two foreign ministers also had an exchange of views on the current developments in Europe, with Melescanu underscoring the importance of the Romanian-Spanish cooperation inside the European Union.
"The Romanian official highlighted Romania's firm European commitment and its desire to actively participate in the debate on the future of Europe, welcoming in the context the State of the Union speech given by President of the European Commission Jean-Claude Juncker on the strategic vision on the future of Europe."
Melescanu voiced support for the continuation of the EU enlargement process, advocating the union's commitment to the Western Balkans region "whose security and stability is of direct interest to both Romania and the EU as a whole."
"With regard to NATO cooperation, Melescanu emphasised the importance of strengthening the alliance's measures to consolidate security in Europe and its presence on the eastern flank, reiterating Romania's commitment to allocate 2 percent of its Gross Domestic Product (GDP) for defence spending."
The discussion also addressed the involvement of the two countries in international counter-terrorism efforts, including the joint initiative to create an international court against terrorism.
"Teodor Melescanu underscored Romania's importance attached to its relationship with Spain, showing that keeping up the pace of the Romanian-Spanish dialogue is a priority that could further stimulate the bilateral relationship, including by identifying new opportunities for sectorial cooperation. At the same time, the substantive economic cooperation supported by the dynamic presence of Spanish companies in Romania, as well as by the volume of rising trade, which is close to 4 billion euros was highlighted," according to MAE.