The Japanse House of Councillors on Wednesday adopted the double taxation agreement between the Kingdom of Morocco and Japan.
This agreement was signed on 8 January in Rabat at the headquarters of the ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates on the occasion of the fifth session of the Joint Commission.
The adoption by the Japanese parliament of this tax agreement comes a few days after the passage by the House of Councillors, on May 14, of the convention for the promotion and protection of investments, which attests to the importance that Japan gives to the Kingdom as a leading economic partner in Africa, said a statement by the Moroccan embassy in Tokyo.
These two important legal instruments will make it possible to give new impetus to bilateral economic relations and strengthen the presence of the Japanese private sector in Morocco, currently represented by 72 companies, including the seven major players in the automotive industry, energy, chemicals, banking and logistics, the same source added.
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