India and the Philippines commenced negotiations for investment treaty.
India and the Philippines have commenced negotiations on a new bilateral investment treaty. Since there has been a recent upswing in economic engagement that both sides are keen to accelerate those process.
The first round of talks on a new treaty took place recently in a virtual meeting between the Department of Economic Affairs and the Philippines department of trade and industry.
Both parties had negotiated respective drafts a few years ago after India had decided to work on a new model Bilateral Investment Treaty with the Philippines. With the recent upswing in economic engagement with the Philippines, both sides are seeking to reach early agreement for range of initiatives.
No comments:
Post a Comment