Bilateral Investment Promotion & Protection Agreement (BIPAs)
The Government of India started Economic reforms in 1991. Government of India liberalized the investment policy and entered into an Bilateral Investment Promotion & Protection Agreement (BIPAs) with various countries for promoting in order to promote and protect on reciprocal basis investment of the investors. Indian government has till date has entered into negotiation with 63 countries out of which 50 BIPAs have already come into force and the rest of the agreements are in the process of being enforced. Moreover, agreements have also been finalized and/ or being negotiated with various other countries.
Features of BIPA Agreement
The important features of BIPA are
Features of BIPA Agreement
The important features of BIPA are
- National Treatment for foreign investment
- MFN treatment for foreign investors and investment
- Free repatriation/ transfer of returns on investment
- Recourse to domestic disputes resolution and international arbitration for investor-State and
- State-State disputes
- Nationalization / expropriation only in public interest on a non-discriminatory basis and against compensation etc.
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