The Union Cabinet
chaired by the Prime Minister Narendra Modi has approved the signing of
Bilateral Investment Agreement (BIA) between India Taipei Association (ITA) in
Taipei and Taipei Economic and Cultural Center (TECC) in India.
The Investment Agreement is likely to increase
investment flows between the parties. It will provide appropriate protection to
investments on a reciprocal basis between ITA and TECC.
Bilateral Investment Agreement is likely to increase the comfort level and
boost the confidence of investors by assuring a level playing field and
non-discrimination in matters related to investments, thus providing conducive
investment climate to investors. It would help project India as a preferred
foreign direct investment (FDI) destination.
does not recognize the regime in Taiwan and the hence the agreements have
entered into through associations. Like Tibet India considers Taiwan as
autonomous part of mainland China.