Bilateral Investment Promotion and Protection Agreements signed by India

The Government of India has, so far, signed Bilateral Investment Promotion and Protection Agreements (BIPAs) with 82 countries, of which 72 BIPAs have come into force.   A list of countries with whom BIPAs have been signed or enforced is at Annexe-I.

In relation to an arbitration award relating to M/s White Industries Australia Limited (WIAL), Australia, Coal India Ltd paid Australian dollar 98,12,077 to the investor.

In view of the above, it has been decided to review the model BIPA text.


Countries with whom BIPAs have been signed or enforced:

1.United Kingdom 39. Lao PDR 77. Zimbabwe
2.Russian Federation 40. Mongolia 78. Colombia
3.Germany 41. Croatia 79. Democratic Republic of Congo
4.Malaysia 42. Kuwait 80. Seychelles
5.Denmark 43. Ukraine 81.Slovenia
6.Turkmenistan 44. Cyprus 82.Nepal
7.Netherlands 45. Yemen
8.Italy 46. Finland
9.Tajikistan 47. Belarus
10.Israel 48. Taiwan
11.South Korea 49. Serbia
12.Poland 50. Armenia
13.Czech Republic 51. Sudan
14.Kazakistan 52. Hungary
15.Sri Lanka 53. Bahrain
16.Vietnam 54. Saudi Arabia
17.Oman 55. Bosnia & Herzegovina
18.Switzerland 56.Slovak Republic
19.Egypt 57. China
20.Kyrgyz 58. Jordan
21.France 59. Trinidad & Tobago
22.Spain 60.Hellenic Republic (Greece)
23.Belgium 61. Mexico
24.Romania 62. Libya
25.Mauritius 63. Iceland
26.Turkey 64. Macedonia
27.Bulgaria 65.Brunei  Darussalam
28.Morocco 66. Syrian Arab Republic
29.indonesia 67. Myanmar
30.Australia 68. Senegal
31.Qatar 69. Mozambique
32. Uzbekistan 70. Latvia
33. Argentina 71. Bangladesh
34. Austria 72. Lithuania
35. Philippines 73. Djibouti
36. Portugal 74. Ethiopia
37. Sweden 75. Ghana
38. Thailand 76. Uruguay

This information was given by the Minister of State in the Ministry of Commerce and Industry, Dr. D.Purandeswari, in a written reply in the Lok Sabha.


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