- CNTV English - CCTV News

China, Argentina sign tax agreement

12-15-2010 09:37 BJT

China and Argentina have signed an agreement to cooperate on tax policies and deepen bilateral ties. It aims to prevent the smuggling of goods, money laundering, tax evasion and fraud.

China and Argentina's heads of tax regulation signed the agreement on Monday in Beijing. Argentine officials meet with Chinese entrepreneurs to exchange details of the agreement.

Argentina's head of Public Revenue, Ricardo Echegaray, says the relationship between Buenos Aires and Beijing has never been better and trade between the two has increased over the last few years. But he pointed to currency transactions as a challenge...due to the imbalance between exports and imports. The new tax agreement aims to encourage G20 policies and provide cooperation on tax policies.

Ricardo Echegaray, Chief of Fed. Admin. of Public Revenue said "This is a very important agreement for the future commercial relationship. It'll ensure the transparency of the process, thanks to information shared between Argentina's Federal Administration of Public Revenue and China's State Taxes Department."

The Argentine official says there is still one point of contention having to do with customs. Argentina's Ambassador to China says he's hopeful the topic will be on the bilateral agenda in the near future.

Cesar Mayoral, Argentine Ambassador to China said "It's quite important to Argentina to reach a clearance agreement...that will set clearance taxes and ensure greater transparency for taxes on imports and exports."

The agreement between Argentina and China aims to prevent the smuggling of goods, money laundering, tax evasion and fraud. It also signals cooperation on tax policies.

This year, China has signed similar agreements with the British Virgin Islands and Bermuda.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program