The agreement was signed on behalf of the Cayman Islands by Premier McKeeva Bush and on behalf of the Chinese delegation by Madame Song Lan, the State Administration of Taxation (SAT) deputy commissioner and vice minister.

“This is the 26th signed agreement for exchange of information for tax purposes,” said Bush, “and the People’s Republic of China has become another member of the G20 group of countries to have a TIEA with the Cayman Islands.

“Signing this TIEA is a significant step in enhancing the relationship between the Cayman Islands and China,” Bush added. “With China being one of the fastest growing economies in the world, we are confident that this TIEA will contribute positively to economic activity between the two countries.”