Albania–India relations

Albania-India relations

Albania	India

India-Albania relations are the bilateral ties between the Republic of India (Bhārat Gaṇarājya) and the Republic of Albania (Republika e Shqipërisë).^[1]

History

Foreign Office of both countries were established in Bucharest and in New Delhi. Albania opened its embassy in New Delhi in 2008.

Mother Teresa

Mother Teresa, one of India's national symbol, was of Albanian origin.

India Albania Trade Expo

In Feb 2012, a venture of India Albania Trade Expo was held to experience the potential of outsourced jobs in India where the cost effectiveness of the Indian businesses was on focus and also to exploit the potential deals and ventures from the Albanian side. The Expo was treated as an international platform to about 300 Indian companies to explore the untapped markets of Albania to achieve the bilateral profits.^[2][3]

Bilateral Agreements

Both countries are signatories of the double taxation avoidance agreement (DTAA) to help the exchange of banking information and containing the fiscal evasion related to taxes on income.^[4][5] The agreement included exchange of information between tax authorities of the both countries and information exchange pertaining to banking and sometimes, rendering information without any recourse to domestic interest.^[6]

Energy Cooperation

India and Albania agreed to boost cooperation with Indian investment in the energy sector like Oil and Gas sector. A Memorandum of Collaboration (MoC) has also been signed in New Delhi where the Union Minister of Human Resource Development and Minister of State for Petroleum and Natural Gas were present.^[7]

References

1. "Bilateral - Albania | Embassy of India, Bucharest - Romania". www.embassyofindia.ro. Retrieved 2015-09-27.
2. "India Albania Trade Expo (Feb 2012), Tirana Albania - Trade Show". 10times.com. Retrieved 2015-09-27.
3. "Behance". www.behance.net. Retrieved 2015-09-27.
4. "Albania: Double tax treaty between Albania and India enters into force | International Tax Review". www.internationaltaxreview.com. Retrieved 2015-09-27.
5. "India, Albania sign taxation pact". Retrieved 2015-09-27.
6. "India and Albania signed an Agreement for Avoidance of Double Taxation". Retrieved 2015-09-27.
7. "Albania seeks Indian investments in Oil and Gas sector | Hellenic Shipping News Worldwide". www.hellenicshippingnews.com. Retrieved 2015-09-27.

External links