Vice Premier and Finance Minister  Zoran Stavreski and Luxembourg Finance Minister Luc Frieden signed Tuesday in Brussels a double taxation and investment protection agreement.

The agreement represents a legal framework for enhancement of bilateral economic cooperation in the fields of commodity and service exchange and mutual investments. The treaty enables the free flow of people, capital, revenue, services etc, as well as stimulation and enhancement of economic relations between the two countries, the Finance Ministry said in a press release.

The document opens the possibilities for realization of investments by business entities from both contracting states.