Yerevan and Bern Signed Convention for Avoidance of Double Taxation

Armenia and Switzerland signed the Convention for the Avoidance of Double Taxation on Income and Property. The document was signed by Armenian Foreign Minister Vartan Oskanian and Head of the Swiss Federal Department of Foreign Affairs Micheline Calmy-Rey. At a joint press conference the FMs of the two states stressed the importance of the document for the development of the economic ties between Armenia and Switzerland. According to Ms. Calmy-Rey the Convention will convey a new impulse to the relationships between the two states. As for the relations with the European Union, the Swiss Foreign Minister reminded that Switzerland lie Armenia is not a member of the organization. “Alike our country Armenia participates in the European Neighborhood Policy program. Nevertheless we successfully cooperate in the fields presenting mutual interest. I should underscore that Armenia and Switzerland enjoy good political relations,” she said.