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Bilateral Investment Protection Agreement (BIPA)
January 22 , 2020
1761 days
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- The European Union (EU) has expressed interest in exploring a Bilateral Investment Protection Agreement (BIPA) with India.
- It would be delinked from the proposed free trade agreement (FTA) where ongoing negotiations are in a state of limbo.
- On 2007, India and the EU began negotiations on a broad-based Bilateral Trade and Investment Agreement (BTIA) in Brussels, Belgium.
About BIPA
- It is one such bilateral treaty which is defined as an agreement between two countries (or States) for the reciprocal encouragement, promotion and protection of investments in each other's territories by the companies based in either country (or State).
- From the Indian angle, bilateral investment treaties not only encourage capital flows into India but also provide safe business environment for Indian investors abroad.
- India signed the first BIPA with UK in 1994.
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