Union Cabinet approves Bilateral Investment Treaty between India and Cambodia

Posted on:29 Jul 2016 09:16:14
Union Cabinet approves Bilateral Investment Treaty between India and Cambodia
29 July 2016 Current Affairs: The Union Cabinet has approved Bilateral Investment Treaty (BIT) between India and Cambodia to boost trade and business. Decision in this regard was taken during the Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi.

The Treaty seeks to promote and protect investments in either country with the objective of increasing bilateral investment flows. 

It also seeks to encourage each country to create favourable conditions (climate) for investors of the other country to make investments in its territory and also to admit investments in accordance with its laws. 

This Treaty is the first Bilateral Investment Treaty (BIT) signed between both countries in accordance with the text of the Indian Model BIT which was approved by the Union Cabinet in December, 2015.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 May

22 MAY
NEWS
21 MAY
NEWS
20 MAY
NEWS
19 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS

Current Affairs 2018 March

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS