Agreement between India and Cambodia

Cabinet approves Bilateral Investment Treaty between India and Cambodia to boost investment

Question: Recently the Union Cabinet has approved Bilateral Treaty between India and Cambodia in which of the following field?
(a) Business
(b) Investment
(c) Import-Export
(d) Cultural Exchange
Ans: (b)
Related facts:

  • On 27 July 2016 the Union Cabinet chaired by the Prime Minister Narendra Modi has approved Bilateral Investment Treaty (BIT) between India and Cambodia.
  • The Treaty is the first Bilateral Investment Treaty in accordance with the text of the Indian Model BIT, approved by the Cabinet in December, 2015.
  • The Treaty seeks to promote and protect investments from either country in the territory of the other country with the objective of increasing bilateral investment flows.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=147849
http://www.pmindia.gov.in/en/news_updates/cabinet-approves-bilateral-investment-treaty-between-india-and-cambodia-to-boost-investment/?comment=disable