THE AFRICA TIMES | ESWATINI — Eswatini and the United Arab Emirates (UAE) have formalized an investment promotion and protection agreement. This agreement seeks to bolster economic ties and foster increased investment between the two nations. Agreement Details and Objectives The agreement was executed by Eswatini’s Minister of Commerce, Industry and Trade, Manqoba Khumalo, and the UAE’s Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini. This follows their Avoidance of Double Taxation Agreement from August 2024. Creating a Secure Investment Environment According to a joint statement, the agreement aims to cultivate a dependable investment climate. It intends to accomplish this by establishing legal protections for investors in both countries. The agreement also ensures equitable treatment and facilitates the seamless flow of capital. Joint Committee on Investments A Joint Committee on Investments will be established to monitor the agreement’s implementation. This committee will address potential challenges. It will also explore additional avenues for collaboration.
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