Bangkok: India and Thailand signed a number of important agreements on Monday which included the double taxation avoidance treaty, and exchanged instruments of ratification on the extradition treaty signed in 2013, which provides for the legal framework for seeking extradition of fugitive offenders.
The tax treaty provides a framework to avoid double taxation and prevent fiscal evasion with respect to taxes so as to promote bilateral economic cooperation.
External Affairs Minister Sushma Swaraj who is on a three-day visit to Thailand, co-chaired the 7th meeting of the India-Thailand Joint Commission for Bilateral Cooperation.
According to the treaty, any person wanted for trial or for the imposition or enforcement of any sentence by one contracting state and is found in the territory of the other Contracting state can be extradited.
Also a MoU was signed by the two sides on the Establishment of Nalanda University. With the signing of the MoU Thailand joins the other East Asian Summit countries in the establishment of Nalanda University in Bihar.