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Joint Interpretative Declaration between India and Colombia
November 12 , 2017
2571 days
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- The Union Cabinet chaired by the Prime Minister has given its approval for signing the Joint Interpretative Declaration (JID) between India and Colombia.
- The agreement was signed between them in November 2009 for the promotion and protection of investments between India and Colombia
- The JID will help to impart clarity on interpretation of existing agreement as it includes interpretative notes to be jointly adopted for many clauses.
- Generally JIDs play an important supplementary role in strengthening investment treaty regime. Issuance of such statements will have strong persuasive value before arbitration tribunals.
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