Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
FTA likely on track as UK warms to investment pact.
Oct 26, 2023
India and the United Kingdom are trying to find a middle ground to conclude a bilateral investment treaty along with a free trade agreement (FTA) by the end of this month, said people with knowledge of the matter.
The prospects of a deal have brightened with the UK softening its stance on India's proposal that investors exhaust all local remedies before opting for international arbitration, they said, even as UK Prime Minister Rishi Sunak's visit to India to ink the pact remains uncertain.
The UK had been insisting on 'pre-establishment national treatment' while raising concerns about the time-consuming legal processes to resolve disputes related to investments in India.
The UK wanted to keep the investment pact out of the trade deal.
'The UK has had issues with the long time it takes to exhaust local remedies for dispute resolution but is now showing flexibility,' said a government official, who did not wish to be identified.
The bilateral investment treaty (BIT) has been seen as one of the sticky points in the ongoing FTA negotiations between the two sides.
A separately revised investment treaty for the UK could set the stage for revision of similar pacts with other countries in future, according to people in the know.
India considers an investment treaty with the UK crucial as the latter is among the top investors in the country. In 2022-23, India received $1.74 billion in foreign direct investment (FDI) from the UK, up from $1.65 billion in the previous financial year. Between April 2000 and March 2023, FDI inflows from the UK amounted to $34.3 billion.
Under the rule of exhaustion of local remedies in India's model BIT, a claim must first be submitted before a relevant domestic court or administrative body. The idea is to prevent arbitrators from having expanded jurisdiction.
Pre-establishment national treatment allows foreign investors to drag the government to arbitration overseas even before an investment is made.
Arbitration cases
After witnessing an increase in arbitration cases, India had amended the model BIT in December 2015, making it mandatory for foreign investors to exhaust local judicial remedies before seeking arbitration.
India has lost multiple arbitration disputes, such as those with Cairn Energy PLC, Vodafone Group BV and Devas Mauritius Ltd, which were initiated invoking the pre-2015 BIT provisions. It is, therefore, now cautious in its approach to BIT, said experts.
According to the United Nations Conference on Trade and Development, 11 investor-state dispute settlement cases were filed against India between 2000 and 2020.
economictimes.indiatimes.com
Archive