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Cabinet approves signing of JIN pact with Bangladesh

This pact will play an important supplementary role in strengthening the investment treaty regime

Press Trust of India  |  New Delhi 

Prime Minister Narendra Modi with the Union Cabinet ministers
Prime Minister Narendra Modi with the Union Cabinet ministers

The cabinet today approved the signing of the (JIN) agreement with to ensure smooth implementation of the investment promotion and protection pact.

JIN play an important supplementary role in strengthening the investment regime, an official statement said after the Union Cabinet meeting, chaired by Prime Minister


With increasing bilateral investment disputes, issuance of such statements is "likely to have strong persuasive value before tribunals", it said.

"Such pro-active approach by States can foster a more predictable and coherent reading of terms by arbitration tribunals," it added.

The JIN would impart clarity to the interpretation of the existing agreement between and for the Promotion and Protection of (BIPA).

The JIN includes interpretative notes to be jointly adopted for many clauses including the definition of investor & investment; exclusion of taxation measures; national treatment and Most Favoured Nation (MFN) treatment; expropriation; essential interests and settlement of disputes between an investor and a contracting party.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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