ISDS Case Map
India
Indian Ministry of Environment officials have agreed in-principle to a bilateral carbon-trading climate change deal with Japan without a formal approval from the political leadership, putting the BJP government in a corner ahead of PM Modi's trip to the country.
Canada hopes the Narendra Modi government will take decisions on two vital agreements the Manmohan Singh government could not. The first, a comprehensive economic partnership agreement, or CEPA and the second on Bilateral Investment treaties, or BITs.
Amid criticism from India Inc, the government on Saturday said it has initiated a review of the free trade agreements (FTAs) and the Companies Act, besides looking into the functioning of special economic zones, in what is being seen as pointers to possible changes to controversial decisions of the previous government.
With the new INdian government all set to take charge, CII National Committee on Chemicals has put forth its expectations from the new government for the benefit of the chemical industry. Topping the list is the demand for reviewing the free trade agreements signed by India with other countries as the committee feels that these have not benefited the industry.
Worried over growing imports from Japan and Korea with whom India has free trade pacts, Steel Ministry has suggested shipments from these nations be brought under negative list to safeguard the interest of local firms.
Worried over frequent invocation of investment protection pacts by MNCs, the Commerce and Industry Ministry is in favour of gradually phasing them out saying that they hurt India's interest.
“With a new Indian government expected to put long-stalled EU free trade talks at the top of its agenda, the mango ban could not have come at a worse time as it risks souring discussions before they even get going,” Allie Renison of business lobby group the Institute of Directors wrote in the Daily Telegraph.
With tax authorities pressing with over Rs 21,000 crore in unpaid dues, Finnish telecom major Nokia has invoked the Bilateral Investment Promotion and Protection Agreement (BIPA) India has with Finland to resolve the dispute.
Negotiations between India and Israel to forge a free trade agreement (FTA), under way for three years now, are likely to be completed by next year, Ambassador of Israel to India Alon Ushpiz has said.
Entangled in a protracted tax mess in the country, Nokia has said that it would like to address the issue under the bilateral investment treaty between Finland and India, sources told The Indian Express.
