The OECD announced today that Aruba and the Netherlands Antilles have implemented the internationally agreed tax standard, having signed bilateral agreements with seven Nordic economies – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden – on exchange of information for tax purposes.

This moves both jurisdictions into the category of ‘Jurisdictions that have substantially implemented the internationally agreed tax standard’ in the [Progress Report ]( published by the OECD Secretariat on 2 April 2009.

Eight jurisdictions have now moved into the substantially implemented category since the Progress Report was first published.