Bilateral Investment Treaties (BITs) are reciprocal agreements between two countries to promote and protect foreign private investments in each other’s territories. The Agreements establish minimum guarantees between the two countries regarding the treatment of foreign investments, and protect them from arbitrary decisions of national Governments.
Benefits of Bilateral Investment Treaties (BITs)
Issues with India’s approach to Bilateral Investment Treaties (BITs)
Recommendations
Parliamentary Standing Committee on External Affairs had reviewed India’s Model BIT 2016 and BIT Agreements with other nations and submitted its recommendation:
New Model of BIT should:
New BITs should be drafted without any ambiguity, so as to avoid: