An important part of India’s trade deal with the UK , Bilateral investment treaty , Not yet to be closed, even the free trade agreement and double contribution conference agreement are signed and sealed.
The conversation with the UK was taking place on three separate tracks in a parallel fashion. Earlier, the three were planned to finish together, but some outstanding issues in the bit remain to be resolved, according to sources. The NDTV profit had earlier stated that those issues that may require some more discussions include sunset clause.
Even in the declaration of the conclusion of the free trade agreement and the conclusion of negotiations for the social security treaty yesterday, the mention of Bit was missing.
Such treaties are deals between the two countries, which aim to promote and protect investors from another country of one country.
In the context of India-UK, BITS is also important that the history of international arbitration disputes has been given, which the Government of India has lost to foreign companies like Cairn Energy, Vodafone and Devas Mauritius. The commercial interests of these companies were preserved due to such treaties when India slapped the demands.
(Tagstotransite) UK-India Bilateral Investment Treaty (T) India-UK FTA (T) Free Trade Agreement (FTA)
