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Bilateral investment treaty (BIT) 2024
October 13 , 2024
41 days
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- The Bilateral Investment Treaty (BIT) signed between India and the UAE has been enforced from August 31 this year.
- It gives continuity of investment protection to investors of both the countries.
- UAE is the seventh largest with a share of 3% in the total Foreign Direct Investment (FDI) received in India.
- The earlier Bilateral Investment Promotion and Protection Agreement (BIPPA) treaty between India and UAE was signed in December 2013 and expired on 12th September, 2024.
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