The economics minister said the agreement will boost trade and investment between the two countries

Taiwan News
Date: 2018/10/26
By:  Central News Agency

The Union Cabinet of India has approved the draft of an updated bilateral investment protection agreement with Taiwan that is expected to be signed by the end of the year, Economics Minister Shen Jong-chin (沈榮津) said Thursday.

Shen said the agreement will boost trade and investment between the two countries and will cover not only direct investments made by Taiwanese businesses in India but also indirect investments via a third location.

The agreement will also seek to ensure protection for Taiwanese business investments in India, in line with international standards, and the safety and rights of Taiwanese investors, he said.

An agreement on the promotion and protection of investments between the two countries was signed in 2002 but the pact has not been renewed since it came into effect in 2005, Shen said.    [FULL  STORY]