Pranab Mukherjee will arrive here on November 27. Matters relating to strengthening of trade relations and expansion of bilateral economic cooperation will figure during Mukherjee's high-level talks with the Nepalese leadership. India and Nepal will sign the key Double Taxation Avoidance Agreement (DTAA) during Finance Minister Mukherjee's visit here next week which will create better investment climate for Indian businesses in this country. Nepal and India will sign the Double Taxation Avoidance Agreement (DTAA) during Mukherjee's one-day visit to Nepal, according to Foreign Ministry sources here. The bill, which embodies modern trade principles, will enable Indian investors and traders to enjoy tax relaxation in India once they pay taxes in Nepal. During Nepalese Prime Minister Baburam Bhattarai's recent visit to India, the two countries had signed the BIPPA (Bilateral Investment Promotion and Protection Agreement) to attract more Indian investments in Nepal. During the visit the two sides were supposed to sign the DTAA, which was postponed due to some technical reasons. The agreement will boost the confidence of the investors and would help Nepal to attract more investments from India, according to experts. Nepal government has sorted out differences on the text of some of the articles of the agreement making it at par with that of India. The Nepalese cabinet this week endorsed the revised texts of the agreement.
