{"id":3916,"date":"2016-12-12T09:06:19","date_gmt":"2016-12-12T15:06:19","guid":{"rendered":"http:\/\/itn.mattrock.ca\/?p=3916"},"modified":"2024-08-09T18:27:23","modified_gmt":"2024-08-09T16:27:23","slug":"brazil-and-india-initial-bilateral-investment-treaty-bit-text-yet-to-be-published","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2016\/12\/12\/brazil-and-india-initial-bilateral-investment-treaty-bit-text-yet-to-be-published\/","title":{"rendered":"Brazil and India initial bilateral investment treaty (BIT); text yet to be published\u00a0"},"content":{"rendered":"<p>During the\u00a0<a href=\"https:\/\/www.iisd.org\/event\/10th-annual-forum-developing-country-investment-negotiators\">10th\u00a0Annual Forum of Developing Country Investment Negotiators<\/a>, held in Colombo, Sri Lanka, from November 7 to 10, representatives from Brazil and India announced that they had recently initialled a bilateral investment agreement (<span class='tooltipsall tooltipsincontent classtoolTips63'>BIT<\/span>).<\/p>\n<p>Since 2015, Brazil has concluded seven BITs (with Angola, Chile, Colombia, Malawi, Mexico, Mozambique and Peru) based on its\u00a0<a href=\"https:\/\/www.iisd.org\/itn\/?s=brazil\">new model Agreement on Cooperation and Facilitation of Investments<\/a>\u00a0(ACFI), which focuses on investment facilitation and dispute prevention through the creation of ombudsmen in each contracting state and a joint committee. In December 2015, India approved a revised\u00a0<a href=\"http:\/\/indiainbusiness.nic.in\/newdesign\/upload\/Model_BIT.pdf\">model BIT<\/a>, which\u2014while including a provision on the standard of treatment\u2014avoids the term \u201cfair and equitable treatment\u201d (<span class='tooltipsall tooltipsincontent classtoolTips69'>FET<\/span>) and the most-favoured-nation (<span class='tooltipsall tooltipsincontent classtoolTips75'>MFN<\/span>) treatment clause, and includes investor obligations.<\/p>\n<p>It is reported that the Brazil\u2013India BIT incorporates elements from both approaches. For example, in line with Brazil\u2019s approach, it includes elements of investment cooperation and facilitation, and focuses on dispute prevention rather than providing for investor\u2013state arbitration; in line with the Indian model, it does not refer to FET and does not include an MFN clause.<\/p>\n<p><em><a href=\"https:\/\/www.iisd.org\/itn\/2016\/12\/12\/news-in-brief-25\/\">More News in Brief<\/a><\/em><!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips60','Investment Treaty News'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips65','East African community'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips69','fair and equitable treatment'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips75','most-favoured nation'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips106','asociaci\u00f3n p\u00fablica-privada'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>During the 10th Annual Forum of Developing Country Investment Negotiators, held in Colombo, Sri Lanka, from November 7 to 10, representatives from Brazil and India announced that they had recently initialled a bilateral investment agreement (<span class='tooltipsall tooltipsincontent classtoolTips63'>BIT<\/span>).<script type=\"text\/javascript\"> toolTips('.classtoolTips63','Bilateral investment treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><\/p>\n","protected":false},"author":1,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[2069,2023,1984,1951,1917,1978,1925],"class_list":["post-3916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brazil","tag-cfia-acfi-brazilian-model-bit","tag-fair-and-equitable-treatment-fet","tag-india","tag-investment-facilitation","tag-investor-obligations","tag-investor-state-dispute-settlement-isds"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/3916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=3916"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/3916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=3916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=3916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=3916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}