Damascus, (SANA)-Saudi Finance Minister Ibrahim al-Assaf said that the avoiding double taxation agreement signed between Syria and Saudi Arabia was very important in stimulating investment between the two countries.

 In a statement on Wednesday, Al-Assaf said that the stop of imposing taxes on investors clarifies the tax relation for investors in the two countries, stressing this agreement would help increase investments between the two countries.

 For his part, Finance Minister Mohammad al-Hussein said that the agreement comes to continue building an integral legislative framework management of economic relations between the two countries.

Al-Hussein pointed out that the agreement is an important step forward for movement of capitals and encouraging investments between Syria and Saudi Arabia.

He also indicated that this agreement is one of the important agreements signed among world countries, in addition to the agreement on encouraging and protecting investment signed between Syria and Saudi Arabia.

Manal Ismael/Mazen