Kuwait - Lebanon sign three agreement, al-Hariri

The ruler of Kuwait Sheikh Jaber al-Ahmad al-Sabah on Sunday in Kuwait received Lebanese prime minister Rafik al-Hariri and members of the accompanying delegation. Meantime, a round of joint talks was held on Sunday. On the Kuwaiti side, it was attended by the Kuwaiti crown prince and the prime minister Sheikh Saad al-Abdullah al-Salem al-Sabah while the Lebanese sides was chaired by Mr al-Hariri.

Discussions centered on the firm relations between the two states and means of strengthening them in various fields as well as issues of mutual concern.

Meanwhile, three agreements were signed between Lebanon and Kuwait pertaining to encouraging and protecting investments and avoiding double taxation, land transport and commodities between the two countries.

These agreements were signed in the presence of the Kuwaiti crown prince Sheikh Saad al-Abdullah al-Sabah and the Prime minister Rafiq al-Hariri, currently visiting Kuwait.

The first and second agreements states to encourage and protect investments from several measures that might be imposed and settling disputes arising between the investors and the state through certain international arbitration organizations and commissions as well as tax exemption, avoiding double- taxation and tax- permit period.

The third agreement which relates to land transport states to strengthen cooperation between the two states in the area of land and international transport of passengers and commodities and the increase in exchanging expertise, information and research in this respect.