ISDS Case Map
India
India wants “greater urgency” and “faster movement” in negotiations with the European Union for trade and investment pacts, though there are challenges, Indian external affairs minister said.
As part of the settlement reached with the Indian government over the levy of back taxes, the company has withdrawn all cases that were brought to collect the tax refund ordered by an international arbitration tribunal.
A UK agreement with India, the negotiations for which begin this week, could worsen conditions in the clothing sweatshops of South Asian neighbors, according to labor rights campaigners and a major industry group.
Finance minister said the Modi administration would contest multiple arbitration awards won by shareholders of Devas Multimedia Pvt. Ltd over a cancelled contract on the strength of the Supreme Court’s validation of the fraud charges against the company.
A recent report by the Standing Committee on External Affairs shows how there are two missing pieces to the puzzle.
India and the United Kingdom have launched formal Free Trade Agreement (FTA) negotiations, with the aim of concluding an early harvest trade agreement over the next few months.
Bilateral trade between the countries is worth about $50 billion per year. Commerce Minister Piyush Goyal said both countries had agreed to avoid “sensitive issues” and focus on areas where there is more complementarity.
Two separate arbitrations were also initiated under the bilateral investment treaty BIT by Mauritius investors in Devas Multimedia under the India-Mauritius BIT and by Deutsche Telekom under the India Germany BIT.
Britain and India formally launched free trade agreement talks in New Delhi with the aim of wrapping up a deal by the end of the year that could boost annual bilateral trade by billions of pounds.
Commerce and Industry Minister Piyush Goyal said a FTA with the UAE is nearing to conclusion, and negotiations for the proposed pact with Australia are at an advanced stage.
