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Cambodia: India, Cambodia step closer to bilateral treaty to protect investments
Cambodia: India, Cambodia step closer to bilateral treaty to protect investments
Fri, 29 July 2016 – India’s cabinet approved a new bilateral investment treaty (BIT) with Cambodia yesterday that is designed to provide mutual protections for investors of each company, the Indian government said in a press release.
The treaty, which has yet to be ratified by Cambodian authorities, is expected to improve the flow of bilateral trade and investment.
The announcement by the Indian government follows a Joint Commission Meeting in New Delhi last month in which foreign affairs officials from each country met to discuss issues of bilateral cooperation and investment.
Cambodia currently benefits from a Duty Free Tariff Preference (DFTP), which has facilitated faster growth of exports to India, according to the Embassy of India in Phnom Penh?s website. Read More?