The Government of India and Israel signed a Bilateral Investment Agreement (BIA) in New Delhi.
The BIA aims to provide greater certainty and protection for investors, facilitating trade and mutual investments with a minimum standard of treatment.
It includes an independent dispute resolution mechanism through arbitration, safeguards against expropriation, and provisions for transparency, smooth transfers, and compensation for losses.
The agreement is expected to increase bilateral investments, currently totalling 800 million USD, benefiting businesses and economies in both countries.