Azerbaijan's Parliament Ratifies Two Agreements With Kyrgyzstan
Date
6/29/2024 10:51:25 PM
(MENAFN- AzerNews)
Ulviyya Shahin
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The Milli Majlis, Azerbaijan's parliament, has ratified two
important agreements between Azerbaijan and Kyrgyzstan,
Azernews reports.
The first agreement discussed and approved during today's
parliamentary session was an additional agreement to amend the
existing accord on the establishment of the Azerbaijan-Kyrgyz
Development Fund.
Following this, the lawmakers deliberated on eliminating double
taxation on income and preventing tax evasion between Azerbaijan
and the Kyrgyz Republic. This landmark deal is expected to
significantly enhance trade relations and encourage cross-border
investments by removing financial barriers.
After thorough discussions, both documents were put to a vote
and successfully adopted by the Milli Majlis.
The Milli Majlis is the national parliament of Azerbaijan,
responsible for legislative functions and oversight of governmental
activities. It consists of 125 members who are elected for
five-year terms through a mixed electoral system. The Milli Majlis
plays a crucial role in shaping Azerbaijan's laws, policies, and
international agreements.
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