Current Affairs

Bilateral Investment Treaty between India and Belarus

The Union Cabinet has given its approval for signing and ratification of the Bilateral Investment Treaty (BIT) between the India and Belarus on Investments.

Bilateral Investment Treaty between India and Belarus

  • The Treaty  is supposed toincrease investment flows between the two countries. 
  • It is expected to improve the confidence of the investors resulting in an increase in FDI and Overseas Director Investment (ODI) opportunities and this will have a positive impact on employment generation.
  • The signing and ratification of a BIT between the two countries will work as a strategic initiative as Belarus is the member of the Eurasian Economic Union (EAEU). 
  • India has already initiated the BIT text with the Kyrgyz Republic and is in talks with the Russian Federation for a new BIT, based on the Model BIT text.

About Belarus

  • It is a landlocked country in Eastern Europe
  • It is bordered by Russia, Ukraine, Poland, Lithuania and Latvia.
  • Its capital and most populous city is Minsk. 
  • Its President is Alexander Lukashenko
  • Its Prime Minister is Andrei Kobyakov
Bilateral Investment Treaty between India and Belarus Bilateral Investment Treaty between India and Belarus Reviewed by insiya yadav on October 01, 2017 Rating: 5

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