India Signs Bilateral Investment Treaties with Uzbekistan and UAE
1 report, 1 independent
Updated Sep 25
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What happened
India signed bilateral investment treaties with Uzbekistan and the United Arab Emirates. The new framework is designed to streamline India's negotiation procedures and ensure investor protection. Government sources stated that the draft note has been sent to the Cabinet Secretariat for approval.
Why it matters
These agreements are designed to promote and protect investments made by investors in the other country's territory. The new model excludes tax-related provisions and local legal provisions, intending to keep the judiciary out of the treaty's purview.
Uzbekistan and the United Arab Emirates recently launched a council to strengthen their trade and investment ties.
Who's involved
- UzbekistanSovereign state in Central Asia that signed the investment treaty.
- United Arab EmiratesCountry in Western Asia that signed the investment treaty.
Keep exploring
The entities involved
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Uzbekistan
sovereign state in Central Asia
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United Arab Emirates
country in Western Asia
Related events
- Uzbekistan strengthened bilateral trade and relations, discussing strategic partnership and trade growth.
- Azerbaijan and Uzbekistan are strengthening their bilateral relations through diplomatic ties.
- Azerbaijan and Uzbekistan signed bilateral agreements for trade and cooperation following high-level talks.
- Uzbekistan officially announced its bid for accession to the World Trade Organization.
- Uzbekistan and Bahrain discussed strengthening trade and investment cooperation between the two nations.