India-UAE Bilateral Investment Treaty
- The new Bilateral Investment Treaty (BIT) between India and the UAE aims to protect investments for citizens from both countries, replacing the expired Bilateral Investment Promotion and Protection Agreement (BIPPA).
- The UAE is India's seventh-largest FDI source, with investments totaling approximately $19 billion (April 2000 - June 2024), while India’s overseas investments in the UAE reached $15.26 billion over a similar period.
Key Features of India-UAE BIT 2024
- Investor protection through a defined standard of treatment, ensuring no denial of justice, no arbitrary discrimination, and protection against manifestly abusive practices.
- Investor-State Dispute Settlement (ISDS) mechanism, with a mandatory three-year requirement to exhaust ....
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