Jan 20, Colombo: Sri Lanka and the United Arab Emirates (UAE) have signed an agreement to establish a Joint Commission between the two countries for the purpose of promoting co-operation in various fields and strengthening existing bilateral relations.
Sri Lanka's Cabinet approved a proposal submitted by the External Affairs Minister Prof. G.L. Peiris to set up the joint commission with the UAE.
The agreement to establish the Joint Commission was signed between the Foreign Minister of UAE Sheikh Abdullah bin Zayed Al Nahyan and Sri Lanka's Minister of External Affairs Prof. G.L. Peiris following a meeting between the two in Abu Dhabi on January 17.
During the meeting the two ministers have discussed matters of common interest and ways to strengthen cooperation and bilateral relations between the two friendly countries in service of their common interests.
The two countries also signed an agreement to avoid double taxation of income derived from international air transport, an air service agreement and an agreement for the avoidance of fiscal evasion with regard to taxes levied on income. An agreement on protection of investments is in the process of being finalized.