WELLINGTON, Oct. 23 (Xinhua) -- New Zealand and Iceland are enhancing practical cooperation in working holidays, taxation, and geothermal energy, a New Zealand government statement said Thursday.
During his visit to Iceland, New Zealand Foreign Minister Winston Peters met with Iceland's President Halla Tomasdottir on Wednesday, saying initiatives discussed by the two sides constitute an important step toward enhancing New Zealand's cooperation with Iceland, the statement said.
New Zealand and Iceland will start negotiations on a reciprocal Working Holiday Scheme, allowing young citizens to travel, study, and work in each other's countries, according to the statement, citing New Zealand Immigration Minister Erica Stanford.
New Zealand also signed a Double Tax Agreement with Iceland, aimed at strengthening economic cooperation between the two countries by "providing clarity and fairness" for cross-border business activities, the statement said.
