Further strengthening its international tax cooperation regime, the Cayman Islands has signed a Tax Information Exchange Agreement (TIEA) with Mexico.

The agreement, exchanged via courier, was considered legally binding following signature on 28 August 2010 by the Premier, the Honourable McKeeva Bush in his capacity as Minister of Finance for the Cayman Islands, and Mr. Ernesto Javier Cordero Arroyo, Minister of Finance and Public Credit for Mexico.

“This is Cayman’s twentieth TIEA signing,” said Premier Bush, “which reinforces our commitment to strengthening global tax cooperation, and continues to build on four decades of our venerable transparency regime.

This agreement also signifies a new chapter in the working relationship between Mexico and the Cayman Islands, encouraging further economic development and improved relations, boosting the jurisdiction’s reputation amongst Mexican investors.”

The Cayman Islands has TIEAs in place with other G7 and G20 member countries, including Australia, Canada, Germany, France, the United Kingdom and the United States.