On 27 April 2016, the Swedish parliament ratified the pending tax information exchange agreement with the United Arab Emirates. The agreement, signed 5 November 2015, is the first of its kind between the two countries and is in line with the OECD standard for information exchange. It will enter into force 30 days after the ratification instruments are exchanged, and will apply for criminal tax matters from the date of its entry into force and for other matters from 1 January of the year following its entry into force.