Would like to have a bilateral investment treaty with India: Swiss Minister
Yeni Delhi, October 1 (PTI) Swiss Economic Affairs Secretary Helene Buddia Artaa on Wednesday, under a new trade agreement, EFTA nations’ 100 billion US dollar investment commitment to a bilateral investment agreement with India.
European Free Trade Association (EFTA) members are Iceland, Lihtenşiste, Norway and Switzerland.
The Free Trade Agreement between India and the European Bloc EFTA entered into force on Wednesday, and the country has been lowering or lifting the tasks on products such as Swiss hours and chocolates, where the country received $ 100 billion investment commitments for $ 100 billion.
It was signed on March 10, 2024.
“So, you heard that Liechtenstein wanted to make a double taxation agreement. If I could wish with this big investment principle, we would like to make a dual investment agreement.
“I was here for the last time, I made a great speech with your Finance Minister and I hear it is a model text in preparation.” He said.
Minister of Commerce and Industry Puussh Goyal was also present at the summit.
“You know, in order to get this very innovative idea of an investment promise, in fact, our money is not our money, the money of our private sector, so we had to convince them, but I can let them know that they were all fired.”
India actively negotiates bilateral investments (BITS) with more than a dozen countries, including Saudi Arabia, Qatar, Oman, Switzerland, Russia, Australia and the European Union.
These investment agreements help to protect and promote investments in each other’s countries.
With the third largest economy and global production, India has become a center for further developing the investment regime that encourages investors.
The government in the last budget announced that it has renewed the current lice model to make more investor friendly and attract foreign players.
The country signed a bit with two countries in 2024.
Last year, the center announced that these treaties were implemented with UAE and Uzbekistan.
Unlike a section related to investment development or facilitation in free trade agreements, which have ended recently, the element of investment protection slightly offers a wide range of obligations and commitments given to foreign investors in nature.
As a little, it is beneficial for both the investor and the state in a dispute to ensure that the compulsory depletion of local legal solutions for five years before applying international fortifications.
India’s approach to local remedies is in line with its attitude to protecting taxpayer money and avoiding long and costly legal wars, and at the same time provides investors as an alternative dispute resolution mechanism.
DYM entrances to India passed the US $ 1 trillion in April 2000-June 2025, and the country’s globally safe and key investment point has established its reputation.
The last financial year was 80.61 billion dollars.
