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Sovereign Wealth Funds Briefing - Categorized | Market

India-UAE investment agreement: Why such desperate haste?

Posted on 09 January 2014

On December 12, 2013, India and the United Arab Emirates (UAE) signed a bilateral investment promotion and protection agreement (BIPA) in New Delhi. The agreement was signed by Namo Narain Meena, India’s Minister of State for Finance and Obaid Humaid Al Tayer, UAE’s Minister of State for Financial Affairs. With the signing of this BIPA, the total number of India’s bilateral investment protection agreements now stands at 84.
As per the official release, the text of the BIPA was finalized during October 30-31, 2013 at Abu Dhabi. After finalization, the agreement was signed by both countries in just a matter of six weeks. However, for some inexplicable reasons, the text of the signed agreement has not yet been made available at the official website of Ministry of Finance………………………………………..Full Article: Source


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