What are Bilateral Investment Promotion and Protection Agreements?

Bilateral Investment Promotion and Protection Agreements (BIPAs) are agreements between governments of two Countries for the appropriate corresponding promotion and protection of investments in each other’s territories by individuals and companies situated in either State. This ensures a safe cross-border movement of capital among countries.

This topic is relevant for all IAS exam aspirants.

How Many Bilateral Investment Treaties are there?

Globally, there are more than 2000 bilateral investment treaties present. Investment agreements are seeing a rising trend.

Why are Bilateral Investment Treaties Important?

The salient features of these Agreements include assurance of fair and equitable treatment, most favoured nation status, national treatment status and mechanism for dispute resolution. These agreements are intended to promote foreign investment without the intervention of any type of risk.

How Many Countries were Involved in the Bilateral Agreement with India?

India has signed Bilateral Investment Promotion and Protection Agreements (BIPA) with 83 countries, of which 72 are currently in force.

A few of them are listed below:

India-Afghanistan: Challenges; Geo-Political Developments

India-Australia: AUSINDEX

India-Bangladesh: Boundary Settlement; Relations; Legacy of Pakistan; Illegal Immigration

India-Bhutan: Growth of Democracy

India-China: Comparison; China’s Foreign Policy; Boundary Issues; Relations; Arunachal Pradesh;

India-Canada: Uranium Deal

 

The above details would help candidates prepare for UPSC 2020.

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