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Taiwan India Bilateral Investment Agreement

Taiwan India Bilateral Investment Agreement: What You Need to Know

The world of international trade is constantly evolving, and the recent agreement between Taiwan and India is a testament to this fact. On Wednesday, December 2, 2020, both countries signed the Taiwan India Bilateral Investment Agreement (BIA) that aims to strengthen economic ties and promote bilateral investments.

As a professional, here`s what you need to know about this vital agreement.

What is a Bilateral Investment Agreement?

A Bilateral Investment Agreement (BIA) is a pact between two countries that offers protection and promotion of cross-border investments. This agreement creates a legal framework that provides investors with guarantees on investments and the right to resolve disputes.

The primary goal of a BIA is to offer investors the confidence and predictability they need to make long-term investments in a foreign country. This agreement protects investors from discriminatory treatment, clear rules for investment, and protection from expropriation without compensation.

Taiwan India Bilateral Investment Agreement

The Taiwan India Bilateral Investment Agreement (BIA) agreement was signed between the two countries on December 2, 2020. Before the BIA came into effect, the investment relationship between Taiwan and India was governed by a memorandum of understanding signed in 2018. The MOU aimed to increase bilateral trade and investment and boost economic cooperation.

The BIA builds on the 2018 MOU by offering more extensive protection for Taiwanese and Indian investors in each other`s territory. The agreement offers investment protection including national treatment, most-favored-nation treatment, fair and equitable treatment, and protection against expropriation without compensation. The BIA also creates a dispute resolution mechanism that allows investors to resolve disputes with the host country without the need to involve the courts.

The BIA is expected to increase investment flows between Taiwan and India, particularly in high-tech industries, green energy, and health care.

Benefits of the Taiwan India Bilateral Investment Agreement

The Taiwan India Bilateral Investment Agreement (BIA) offers significant benefits to both countries, as well as investors. By signing the agreement, Taiwan and India have opened up new investment opportunities in each other`s countries, leading to the creation of new jobs, increased trade, and economic growth.

The BIA also provides investors with a stable and predictable investment environment, protecting their investments and offering a mechanism to resolve disputes with the host country. This protection encourages investors to make long-term investments in foreign countries, particularly in areas of high economic growth.

Conclusion

The Taiwan India Bilateral Investment Agreement (BIA) is a significant milestone in the economic relationship between Taiwan and India. The agreement offers investors from both countries a stable and predictable investment environment, protecting their investments and providing a dispute resolution mechanism.

With the BIA in place, investors can now explore new investment opportunities in each other`s countries, which will lead to job creation, increased trade, and economic growth. This agreement is a clear indication of the growing importance of economic cooperation between Taiwan and India and the potential for future collaboration.