India - 2-Bilateral Investment AgreementsIndia - Investment Agreements
India made public a new model Bilateral Investment Treaty (BIT) in December 2015. This followed a string of rulings against it in international arbitration. The new model BIT requires foreign investors to first exhaust all local judicial and administrative remedies before entering into international arbitration, unless the claim is non judicable in Indian courts. The Indian government also announced its intention to abrogate all BITs negotiated on the earlier 1993 BIT model. The government has served termination notices to roughly 58 countries, including EU countries and Australia. The Ministry of Finance said the revised model BIT will be used for the renegotiation of existing and any future BITs, and will form the investment chapter in any Comprehensive Economic Cooperation Agreements (CECAs)/Comprehensive Economic Partnership Agreements (CEPAs)/Free Trade Agreements (FTAs). The complete list of agreements can be found at: Finmin signed a BIT agreement with Cambodia in August 2016 with no changes to the new model text, while Brazil has concluded a BIT framework but has not signed a new BIT.
India has a bilateral taxation treaty with the United States, available at: IRS.govPrepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
India Economic Development and Investment Market Access International Agreements