The two delegations reviewed the status of the negotiations of the India-UAE bilateral investment treaty. Twelve rounds of negotiations have been conducted until now.
India’s free trade pact negotiations with the United Kingdom are ‘within touching distance’ of a deal and a similar deal along with a bilateral investment treaty with Canada is expected to be concluded by December, its top trade official said.
The parliamentary committee of the external affairs ministry has called for fast-tracking signing of bilateral investment treaties.
The development is taking place at a time when India is set to begin deeper engagements with the Gulf Cooperation Council (GCC) countries towards inking a free trade agreement (FTA).
Gabon is fast emerging as an investment destination for industries in sectors such as fisheries, wood, health, mining, infrastructure projects and tourism and they are using this greed to attract more Indian companies.
The Netherlands is keen to have a bilateral investment protection agreement with India and is fully backing the proposed India -EU free trade agreement (FTA).
India is trying to persuade the European Union to come to the negotiating table to work out the contours of the proposed bilateral free trade agreement instead of putting in place numerous preconditions for starting the talks.
A recent report by the Standing Committee on External Affairs shows how there are two missing pieces to the puzzle.
India and Taiwan have begun talks on a free trade pact, a bilateral investment agreement and creating a semiconductor manufacturing hub in the country.
There is no clarity now over when formal negotiations on the proposed India-EU trade pact would begin.
The long-term target of the trade and economic relationship between the two countries is an increase by 2025 in bilateral trade to $30 bln and in mutual investment to $15 bln.
India’s steps to better protect itself hasn’t curbed the appetite of foreign investors, suggesting that the perceived correlation between FDI and robust investor protection is overstated.
The European Union (EU) has finally given its assent to conclude a proposed investment facilitation deal with India, separate from the free trade agreement (FTA) also being negotiated between the partners.
Indian External Affairs Minister said that one area that needs a concerted push from both sides is bilateral trade and investments.
India and the EU are likely to begin negotiations on the revamped proposal for a bilateral FTA in September but there continues to be disagreement on whether to carve out separate agreements on investment protection and geographical indications (GIs).
At the core of this dispute is a 2005 agreement between Antrix and Devas for the lease of satellite spectrum which was annulled in 2011.
Potential BIT claims by foreign pharmaceutical companies against India for the revocation, suspension or non-enforcement of IPRs could undermine the benefits of a potential TRIPS waiver.
The decision by India and the EU to recast the stalled trade and investment agreement into three separate deals could favour the latter.
The EU is suspending plans for a trade deal with China, while reviving those for a pact with India, in a dispute on Chinese human-rights abuses.
Pakistan, which entered into its first BIT with Germany in 1959 — which also was the first BIT ever entered — has concluded 53 BITs with 48 countries.