Malta and China have concluded talks that will update and upgrade the current agreement for the avoidance of double taxation (DTA) between the two countries.
An agreement on double taxation relief has been in place since 1994 and the authorities will work to update and strengthen it, Mr Xuereb added.
Over 100 business people and investors attended the event showcasing Malta’s investment environment in the magnificent ballroom at the Regis Beijing hotel.
Chinese participants, representing firms from a variety of sectors, enquired about issues relating to business in Malta including banking structures, investment incentives, real estate, opportunities for study, European trade issues, and visa applications and residency permits.
Some participants later held private, follow-up meetings with Maltese delegates.
The 40-odd members of the Maltese business delegation visiting Beijing, Ningbo and Shanghai this week, held their second session of one-to-one meetings with Chinese firms today, following their first yesterday morning.