Parliamentary Standing Committee on External Affairs has presented a report on INDIA AND BILATERAL INVESTMENT TREATIES. Bilateral Investment Treaty is an agreement for according protection to investments by nationals and companies of one State in another State. International Investment Agreements which include Bilateral Investment Treaties and Investment Chapters of Trade and Economic Agreements provide for a reciprocal commitment to protect the private foreign investments in each other’s countries. In the last few decades, Bilateral Investment Treaties have become an integral part of international investment relations. Their existence has a great impact in influencing formulation of international public policy. India’s tryst with Bilateral Investment treaties started in 1994 when it signed its first such treaty with the United Kingdom. It subsequently went on to sign it with more than 80 countries. These treaties were largely negotiated on the basis of the Indian Model BIT text of 1993. India revised its Model BIT text in 2015.
Guests:
1. P. P. Chaudhary, Chairman, Parliamentary Standing Committee on External Affairs
2. Dammu Ravi, Secretary [ER], Ministry of External Affairs
3. Prof. Swaran Singh, Chairperson, Centre for International Politics, Organization and Disarmament, JNU
Anchor: Kriti Mishra
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