ISDS Case Map
India
As published by KEI
With next round of Regional Comprehensive Economic Partnership (RCEP) talks is scheduled to take place in Nay Pyi Taw, Myanmar, on August 24-26, India government readied its strategy on goods trade.
The government of India has categorically informed the European Union that it will not allow European multibrand retail firms to set up shop here, even as both sides decided to resume negotiations towards concluding the long-pending Bilateral Trade and Investment Agreement.
India and the US have an ambitious target of a bilateral investment treaty (BIT) to be concluded at least over the next year, but the two sides remain far apart on the text to be negotiated.
When talks resume, lack of clarity on domestic laws regarding bilateral investment treaty (BIT) and government procurement law may delay the progress in negotiations.
In exchange for $160 million in compensation for its equity and contractor claims, Bechtel agreed to forgo international arbitration over the expropriation of its investment.
Indian companies should set up shop in Vietnam in order to take advantage of Hanoi's upcoming trade deals with Europe and the US, the government says.
India is offering 75-80 tariff lines for duty cuts to countries with which it already has an FTA (Singapore, Malaysia, Japan, Korea) and only 40-50 to the others (Australia, NZ, China).
The proposed free trade agreement between India and Canada, which aims to reduce or eliminate duties on a large number of products traded between the two nations, is likely to be concluded by March next year, a senior official told PTI.
Labour, environment and IPR standards in the Trans-Pacific Partnership will influence future Indo-US agreements.
