Albania–India relations

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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.

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

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External links

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