India’s ambassador to China, Gautam Bambawale, says India and China have been working closely together on reducing non-tariff barriers in pharmaceuticals and information technology sectors. Hong Kong: India and Hong Kong signed a double taxation avoidance agreement (DTAA) on Monday, 29 March, with an aim to improve transparency in tax matters and to aid in curbing tax evasion and avoidance. The agreement was signed by the Indian ambassador to China, Gautam Bambawale, and Hong Kong finance secretary Paul Chan Mo-po in Hong Kong. India was Hong Kong’s third largest export market (after China and the US) in 2017 and Hong Kong was India’s third largest export market (after the US and the UAE). Hong Kong is similarly host to a large number of Indian companies and professionals in banking, IT and shipping.

Source: Mint March 22, 2018 23:37 UTC