Andorra and Czech Republic are ready to begin negotiations with the purpose of conclusion of agreement on an exception of double taxation (CDI)

Andorra (Pyrenees) and Czech Republic are ready to begin negotiations with the purpose of conclusion of agreement on an exception of double taxation (CDI). It was declared following the results of visit of the Minister of Foreign Affairs of Andorra Gilbert Saboya to Czech Republic. In particular, Gilbert Saboya had meetings with the Minister of Foreign Affairs of the Czech Republic Lubomír Zaorálek, the minister of tourism and regional development of Czech Republic Karla Slechtová), the Deputy Minister of Finance of the Czech Republic Simona Hornochová and the deputy minister of foreign affairs Martin Tlapa.

The prospect of the entry of Andorra into the European Union was the main subject of discussion. In particular, the parties discussed the subject of access of Andorra into domestic market of the EU, and also a question of need of recognition of the Treaty of Lisbon by Andorra (“The Treaty of Lisbon changing the Contract on the European Union and the Constitutive treaty of the European community”). Also prospects of cooperation between Andorra and the Czech Republic, possibility of both countries on investment into economy of each other were discussed. The cooperation question in the tourist sphere within the protocol on mutual understanding on tourism which was signed with the countries in 2013 was raised.

Within his visit Gilbert Saboya had a meeting with executive director of Association of banks of Czech Republic Pavel Stepanek. Andorra minister informed about the measures undertaken by the principality for solving a problem with Banca Privada d’Andorra (BPA) bank to provide stability, competitiveness and prestige of a financial system of Andorra.

Visit of the minister of Andorra finished with a meeting with the dean of faculty of arts of Karlovy University in Prague Mirjam Fried. The parties discussed execution of the agreement between the Government of Andorra and Karlovy university concluded in 1991. The agreement provides advance of Catalan language and culture at the Czech university.

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