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    <title>India and Philippines to Sign DTAA Soon: FM.</title>
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    <description>Negotiations are underway to revise the tax treaty between India and the Philippines into a Double Taxation Avoidance Agreement incorporating a legal framework for transparent exchange of information on banking and tax matters; the Philippines will expedite internal steps to finalise the DTAA. Complementary measures include implementation of the India ASEAN Free Trade Agreement, expansion of bilateral trade, proposals to strengthen banking links including a commercial bank branch in Manila, and a call to reassess the role of the regional development bank.</description>
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