FOREIGN MINISTER JOE BORG SIGNS DOUBLE TAXATION AGREEMENT WITH LITHUANIAN COUNTERPART

The Minister of Foreign Affairs Joe Borg, currently on an official visit to Lithuania, this morning signed an Agreement on the Avoidance of Double Taxation between Malta and Lithuania with the Minister of Foreign Affairs of Lithuania, H.E. Antanas Valionis.

During talks the two Ministers exchanged views on the process of negotiations for accession to the European Union of both countries.  They also agreed to step-up co-operation in view of enhancing the exchange of information in this area.  The Ministers also explored the possibility of enhancing bilateral co-operation between Malta and Lithuania in the field of trade, commerce, culture and tourism.

Earlier this morning Minister Borg also met with the President of Lithuania, H.E. Mr Valdas Adamkus at the Presidential Palace in Vilnius where general aspects of bilateral co-operation and the negotiating processes were discussed.  He also held a separate meeting with the Chairman of the Committee on European Affairs of the Lithuanian Parliament.

Minister Joe Borg is expected to return to Malta on Friday evening.