Nod to BIPA with Bangladesh by Union Cabinet

New Delhi, Apr 24 (UNI) The Union Cabinet today gave its nod for signing and ratifying the Bilateral Investment Promotion and Protection Agreement (BIPA) with Bangladesh.

Talking to reporters, Union Information and Broadcasting Minister P R Dasmunsi said the objective of the BIPA was to promote and protect the interests of investors in both countries.

The exercise would boost the confidence of investors with a minimum standard of treatment and non-discrimination, besides increasing investment flow between both the countries, he added.

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