BOSNIA AND KUWAIT SIGNED DOUBLE TAXATION AVOIDANCE AGREEMENT

SARAJEVO, Bosnia (October 29,2008) - Bosnia's Deputy Finance Minister Fuad Kasumovic and Kuwait’s Deputy Finance Minister Khalifa M. Hamada signed the Double Taxation Avoidance Agreement in Kuwait yesterday, referring to income and property.

This is the first such agreement signed by Kuwait, and it is expected to further economic relations between the two countries, from investments to exchange of technologies, trade, transport and science.

Kasumovic invited local entrepreneurs to take a more active role in the economic development of Bosnia. A Bosnian business delegation is currently in Kuwait.
.