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PM announces new Air Transportation and Double Taxation Agreements with Switzerland
22 October 2010
Bern, Switzerland
"Canada and Switzerland continue to build our excellent relations," said the Prime Minister. "These two new agreements will increase both commercial and people-to-people links between our countries."
The two agreements being announced today are:
• An Updated Air Transportation Agreement: This new agreement will benefit passengers, airlines, airports and shippers in Canada and Switzerland by allowing more flight options and routings. It modernizes an original agreement signed in 1975.
• An Updated Double Taxation Convention: The amendments to the original 1997 Convention will further facilitate the exchange of tax information, assisting Canada’s tax authorities in administering and enforcing national tax laws and preventing international tax evasion. It will also reduce tax barriers to bilateral trade and investment.
The two leaders also discussed bilateral relations, priorities at the Francophonie, the Canadian and Swiss economic situations, and the international economic and financial outlook, including Canada’s priorities for the upcoming G-20 Summit.
