Bilateral Investment Treaty between India and Belarus

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  • The Union Cabinet has given its approval for signing and ratification of the Bilateral Investment Treaty (BIT) between the India and Belarus on Investments. 
  • The Treaty is likely to increase investment flows between the two countries.
  • The agreement 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. 

Belarus map

Source:PIB