The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved Bilateral Investment Treaty (BIT) between India and Cambodia to boost trade and business. The Treaty seeks to promote and protect investments in either country. This is the first Bilateral Investment Treaty (BIT) signed between both countries in accordance with the text of the Indian Model BIT which was approved by the Union Cabinet in December 2015.
The objective of this treaty is to increase bilateral investment flow which also seeks to encourage each country to create favorable conditions (climate) for investors of the other country to make investments in its territory and also to admit investments in accordance with its laws.
So let’s discuss some questions related to this post:
1. The Union Cabinet has approved the Bilateral Investment Treaty between which two countries recently?
Courtesy: PTI News