India-Colombia to sign BIPA to increase investment flow
2 Jul 2009, 2102 Hrs

Add comment          Mail          Print          Write to Editor

New Delhi, July 2 The Union Cabinet today approved the signing and ratification of Bilateral Investment Promotion and Protection Agreement (BIPA) with the Government of Colombia.

The Agreement is likely to promote and protect the interests of investors of either country in the territory of the other country.

Such Agreements increase the comfort level and boost the confidence of the investors by assuring a minimum standard of treatment and non-discrimination in all matters while providing for justiciability of disputes with the host country.

The signing of BIPA is likely to increase investment flow between India and Colombia.

Government of India has signed BIPAs with 75 countries so far. (ANI)

Related Latest

IDBI Fortis to double headcount, increase branches Disinvest, use money for green assets: Finance Commission chief Centre asks U P Government to increase Rahul Gandhi's security Middlesex sign up Gilchirst, set sight on Tendulkar Winter chill brings on increase in swine flu cases JSW Steel, Japanese firm sign pact Middlesex to sign Tendulkar to play Twenty20 cricket in England EU budget for 2010 to increase by six percent EU, Russia sign pacts to develop border regions New climate treaty could save some species, but increase risk to others

Related Latest

RSS not interfering in choosing new president, says BJP Coimbatore farmer gets high yield of tomatoes, using green house technology Naxalism foremost challenge before Jharkhand: Sonia Lawyers demanding separate High Court Bench protest in Delhi No 'big ticket' agreements on table during PM's state visit to US Shiv Sainiks attack TV channel offices in Mumbai, Pune; 4 staffers injured Tell Pakistan not to use terror as state policy: Manmohan Singh to US Meenal Thakur in quarterfinals of World Snooker Oprah Winfrey brings curtain down on her talk show Manmohan to seek Obama pressure over Pakistan

• Naxalism foremost challenge before Jharkhand: Sonia
• Coimbatore farmer gets high yield of tomatoes, using green house technology
• Lawyers demanding separate High Court Bench protest in Delhi
• No 'big ticket' agreements on table during PM's state visit to US
• RSS not interfering in choosing new president, says BJP

• भारतीय क्रिकेट की मजबूत दीवार
• कंगारूओं के आगे ढेर, चीतों से कैसे मुकाबला करेंगें शेर
• Reducing greenhouse gases may not be enough to slow global warming
• बीकानेर महापौर चुनावः एक विश्लेषण
• Deepawali: The Festival Of Lights