The Daily Star Online. Beirut, Friday, February 09, 2001. Updated 08:30 AM +2GMT

The government signed a treaty with Cuba on Sunday to end double taxation between the two countries.

This means that Lebanese companies in Cuba, or Cuban companies in Lebanon,will be taxed in only one country.

The agreement, which was signed by Finance Minster Fouad Siniora and Cuban International Trade and Economic Affairs Minister Ricardo Prisas, is the latest in a number of economic agreements signed between the two countries, including a 1995 pledge to encourage reciprocal investment.

Prisas said Cuba had spent the past five years trying to repair its economy by forging economic ties other countries. The result, he said, was that the economy has grown 4.4 percent a year during that time. Cuba’s economy has suffered heavily since the break-up of the Soviet Union in the early 1990s.

DS: 05/02/01

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