New Delhi, Jan 24: The Union Cabinet today gave its ex-post-facto approval for signing of the agreement between India and Mexico for double taxation avoidance and fiscal evasion prevention with respect to taxes on income.

This agreement will stimulate the flow of capital, technology and personnel from India to Mexico and vice-versa.

It will also provide tax stability and reduce any obstacles in providing mutual cooperation.

India has so far signed such bilateral treaties for double taxation avoidance with 71 other counties. (ANI)