NEWS RELEASES
CANADA AND REPUBLIC OF LITHUANIA SIGN TAX CONVENTION
August 29, 1996 No. 150
CANADA AND REPUBLIC OF LITHUANIA
SIGN TAX CONVENTION
Foreign Affairs Minister Lloyd Axworthy and Finance Minister Paul Martin today
announced that Canada and Lithuania have signed a tax convention designed to
enhance bilateral trade. Minister Axworthy, who is currently on an official visit
in Vilnius, Lithuania, signed the agreement on Canada's behalf. Lithuanian
Foreign Minister Povilas Gylys signed on behalf of Lithuania.
"This agreement will help deepen our bilateral relations with Lithuania," stated
Mr. Axworthy. "It is also a welcome sign of the importance both Canada and
Lithuania place on trade between our two countries."
"This agreement with Lithuania, which eliminates the double taxation of
individuals or companies of one country who do business or earn income in the
other, will contribute significantly to economic development," said Mr. Martin.
The Convention promotes trade and investment between Canada and Lithuania by
setting guidelines designed to avoid double taxation and prevent fiscal evasion.
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For further information, media representatives may contact:
Catherine Lappe
Director of Communications
Office of the Minister of Foreign Affairs
(613) 995-1851
Media Relations Office
Department of Foreign Affairs and International Trade
(613) 995-1874
Jean-Marc Déry
Tax Legislation Division
Department of Finance Canada
(613) 992-1862
This document is also available on the Department's Internet site:
http://www.dfait-maeci.gc.ca
For copies of the Convention, contact:
Distribution Centre
Department of Finance Canada
(613) 995-2855
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