Prince Saud Al-Faisal, the Foreign Minister of Kingdom of Saudi Arabia and Germany's Minister of Foreign Affairs Dr. Frank Walter Steinmeier signed here today a memorandum of understanding on political consultations between the two countries. Also, the Minister of Finance of the Kingdom Dr. Ibrahim bin Abdulaziz Al-Assaf, German Minister Steinmeier and Minister of State of Germany's Finance Ministry Dr. Axel Nafrath signed an agreement on avoidance of dual taxation with regard to taxes of income and capitals of air transportation institutions and compensation for their workers in the two countries. In a press statement, Dr. Al-Assaf pointed out that specialists of the two countries are negotiating to conclude a general agreement on evasion of dual taxation. The signing ceremony was attended by Prince Mohammed bin Saud bin Khalid, Head of Information Center at the Foreign Ministry and a number of officials.
