India-Burma BIT approved
Press Information Bureau, Gvt of India | 5 June 2008
Bilateral Investment Promotion and Protection Agreement with the Government of the Union of Myanmar
The Union Cabinet today gave its approval to Bilateral Investment Promotion and Protection Agreement with the Government of the Union of Myanmar and ratification thereof.
The objective of Bilateral Investment Promotion and Protection Agreements is to promote and protect the interests of investors of either country in the territory of the other country.
The Agreement will increase investment flow between India and Myanmar.
The Agreement shall remain in force initially for a period of 10 years. To protect existing investments, it has been provided that in respect of investments made before the termination of the Agreement, its provisions shall continue in effect with respect to those investments for a period of 15 years after the date of termination.
