Denmark &UAE sign exchange of information agreement

Denmark and the United Arab Emirates (UAE) signed a Tax Information Exchange Agreement during the latter delegation visit to the Scandinavian countries.

The UAE is strategically promoting tighter relations with diverse trade partners. The UAE delegation was led by headed by the UAE Minister of State Affairs, Obaid Humaid Al Tayer. The UAE team visit Copenhagen, the capital city of Denmark.

The Danish Ministry of Taxation, Karsten Lauritzen and the UAE Minister of State Affairs, Obaid Humaid Al Tayer, signed the Tax Information Exchange Agreement between Denmark and the UAE.

While in Denmark, the UAE delegation paid the Amager Resource Centre (ARC) a visit. The ARC is one of the most innovative and modern energy factories across Denmark. The factory specializes in producing energy from waste. Furthermore, the UAE delegation visited the Ramboll Group, a company that engages in green engineering. Ramboll Group’s MENA headquarters are found in the UAE. The Ramboll Group presented various sustainable projects that will take place across the Middle East.

The UAE’s visit to Denmark mirrors the country’s commitment and determination to strengthen ties and boost trade relations with countries across the globe. The UAE is especially focusing on strengthening ties with Scandinavian countries to tighten governmental work mechanisms founded on sustainability principles and innovative policies. 

The UAE stresses the vitality of exchanging tax information, and that the agreement is considered as an important foundation for the future economic collaboration between the two countries. This is because; the agreement boosts economic transparency and ensures justice for both company and individual taxpayers that are members of the Global Forum on Transparency as well as Exchange of Information.