The agreement will be signed by Greek Finance Minister Yiannis Stournaras (EU Presidency) and Tax Commissioner Algirdas Šemeta on behalf of the EU, and by French Finance Minister Pierre Moscovici. The aim is to ensure that the EU Savings Directive and Administrative Cooperation Directive continue to be applied in St Barthélemy, following its change in status from French outmost region to overseas collectivity.. These two Directives are central to the European agenda for greater tax transparency and information exchange. Importantly, today's agreement also states that any amendments to this EU tax legislation will also be applied in St Barthélemy. This is significant given that both Directives are currently being reviewed, in order to ensure the widest possible scope of automatic exchange of information.