FM Silvan Shalom and Ethiopian PM  Meles Zenawi signed a bilateral agreement for cultural, educational and scientific cooperation, as well as a convention eliminating double taxation.

(Communicated by the Foreign Minister Spokesman)

Deputy Prime Minister and Minister of Foreign Affairs Silvan Shalom and Ethiopian Prime Minister Meles Zenawi signed an agreement today (2 June 2004) for cultural, educational and scientific cooperation. The agreement, which deals with cooperation between the two countries in the realms of culture, education, science, arts, journalism, sport and youth, aims to promote and encourage joint projects, curricula and human resources.

The two ministers also signed a convention that will eliminate double taxation for individuals or companies with Israeli, Ethiopian, or dual residency. The convention applies to taxes and to income. The double-taxation convention was formulated in coordination with all of the relevant parties, including the Ministry of the Finance. The agreement is based on the accepted international model of the Organization for Economic Cooperation and Development (OECD). Similar agreements have been signed with other states.

The Foreign Ministry assigns great importance to the signing of the double-taxation and cultural cooperation agreements and believes that this will give a welcome boost to the ties between the two states.

This is the first time an Ethiopian Prime Minister has visited Israel.