India: Trade Agreements

(asked on 8th June 2021) - View Source

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, whether she plans to review the efficacy of provisions in the UK-India Bilateral Investment Treaty relating to independent international arbitration panels as a means of dispute resolution; and if she will make a statement.


Answered by
Ranil Jayawardena Portrait
Ranil Jayawardena
This question was answered on 14th June 2021

HM Government has no plans to review the investor-state dispute settlement (ISDS) provision in the United Kingdom-India Bilateral Investment Treaty (BIT). The BIT was unilaterally terminated in 2017, following notice of termination provided by the Government of India in 2016. The BIT contains a sunset clause, under which the provisions of the treaty, including the ISDS provision, continue to apply to investments made before its termination for a further 15 years.

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