For at styrke og udvikle de økonomiske aktiviteter og samtidig tage højde for behovet for at udvikle passende reguleringsmæssige rammer anerkender og forpligter parterne sig til at gennemføre principperne om god forvaltningsskik på skatteområdet, nemlig gennemsigtighed, informationsudveksling og loyal skattekonkurrence, jf. dog deres respektive kompetencer.
Without prejudice to their respective competences, and with a view to strengthening and developing economic activities while taking into account the need to develop an appropriate regulatory framework, the Parties recognise and commit themselves to implement the principles of good governance in the tax area, namely the principles of transparency, exchange of information and fair tax competition.