• Latest
  • Trending
Investing in trust: How the India-UAE BIT 2024 reinforces economic ties!

Investing in trust: How the India-UAE BIT 2024 reinforces economic ties!

What Vibe Coding means in the age of AI

How vibe coding can help small businesses to build apps? 

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Hiring declines in Indian IT as layoffs increase worldwide

Hiring declines in Indian IT as layoffs increase worldwide

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

xAI launches Grok Code Fast 1 to compete in AI coding

xAI launches Grok Code Fast 1 to compete in AI coding

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

New AI tool from OpenAI can write and fix code

New AI tool from OpenAI can write and fix code

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Nvidia hits $4 trillion as AI demand surges

Nvidia hits $4 trillion as AI demand surges

Saturday, August 30, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Investing in trust: How the India-UAE BIT 2024 reinforces economic ties!

in world
Reading Time: 2 mins read
0
Investing in trust: How the India-UAE BIT 2024 reinforces economic ties!
Share on FacebookShare on Twitter

DBT Bureau

Pune, 8 Oct 2024

RelatedPosts

Data Story: India faces the highest US tariff in Asia

India braces for 50% US tariff from tomorrow

US cancels over 6,000 student visas creating worry for Indian families

The Bilateral Investment Treaty (BIT) between the Government of the Republic of India and the Government of the United Arab Emirates (UAE) was signed on February 13, 2024, in Abu Dhabi and took effect on August 31, 2024. This new BIT ensures ongoing investment protection for investors from both nations, succeeding the previous Bilateral Investment Promotion and Protection Agreement (BIPPA), which was signed in December 2013 and expired on September 12, 2024.

UAE is the seventh largest with a share of 3% in the total Foreign Direct Investment (FDI) received in India, with a cumulative investment of approximately $19 Billion from April 2000- June 2024. India also makes 5% of its total Overseas Direct Investments in UAE to the tune of $15.26 Billion from April 2000 – August 2024. India – UAE BIT 2024 is expected to increase the comfort level and boost the confidence of the investors by assuring minimum standard of treatment and non-discrimination while providing an independent forum for dispute settlement by arbitration. However, while providing investor and investment protection, the balance has been maintained about the State’s right to regulate thereby providing adequate policy space.

The signing and enforcement of the BIT reflect both nations’ shared commitment to enhancing economic cooperation and creating a more robust and resilient investment environment. The Treaty is expected to pave the way for increased bilateral investments, benefiting businesses and economies in both countries.

Some of the key features of the India-UAE BIT 2024 are: –

  • Closed asset-based definition of Investment with coverage of Portfolio Investment
  • Treatment of Investment with obligation for no denial of justice, no fundamental breach of due process, no targeted discrimination and no manifestly abusive or arbitrary treatment
  • Scope carve out for measures such as those related to taxation, local government, government procurement, subsidies or grants and Compulsory license.
  • Investor-State Dispute Settlement (ISDS) through arbitration with mandatory exhaustion of Local remedies for 3 years
  • General and Security Exceptions
  • Right to Regulate for State
  • No investor claim in case investments are involved with corruption, fraud, round tripping etc.
  • Provision of National Treatment,
  • The treaty provides for protection to investments from Expropriation and provides for Transparency, Transfers and Compensation for losses.

Related Posts

India’s top export destinations: how trade tells the story of global alliances

Data Story: India faces the highest US tariff in Asia

2

DBT Bureau Bengaluru, 27 August 2025 After the US imposed 50% tariff on India, the country is now facing the...

Data Story: US New Tariff Rates

India braces for 50% US tariff from tomorrow

0

Athira Sethu Kochi, 26 August 2025 The United States has made a decision to increase tariffs on Indian imports. From...

Trump’s $5M Gold Card Visa a Game Changer for Immigrants

US cancels over 6,000 student visas creating worry for Indian families

0

Athira Sethu Kochi, 23 August 2025 Indian students in the United States are being told to remain calm but cautious...

US pauses new student visas amid social media review plans

US to review 55 million visa holders for possible violations

1

Athira Sethu Kochi, 22 August 2025 The Trump administration has initiated a sweeping review of over 55 million individuals who...

What Vibe Coding means in the age of AI
Tech

How vibe coding can help small businesses to build apps? 

0

Athira Sethu Kochi, 30 August 2025 Vibe coding is a new method of programming applications without having to learn programming...

Read moreDetails
O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model
Business

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

0

DBT Bureau Pune, 29 August 2025 O2 Telefónica Germany will launch its Large Telco Model (LTM) to strengthen the Service...

Read moreDetails
Fusion CX expands in India with new 350-seat delivery center in Bengaluru
Media Release

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

0

DBT Bureau Pune, 29 August 2025 Fusion CX, a global leader in customer experience (CX) and business process management, has...

Read moreDetails
Galaxy Tab S10 Lite: A value-packed tablet for everyday needs
Mobile

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

0

Immersive display: A 10.9-inch screen with Vision Booster and up to 600 nits peak brightness delivers vibrant viewing indoors and...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?