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Cabinet approved the Joint Interpretative Notes pact with Bangladesh.

TNPSC Current Affairs July 2017

Union Cabinet has given its nod for the Joint Interpretative Notes (JIN) on the agreement between India and Bangladesh for the promotion and protection of Investment.

It plays an important supplementary role in strengthening the investment treaty regime. It helps States can foster a more predictable and coherent reading of treaty terms by arbitration tribunals

About JIN:

  • It helps to give clarity to the interpretation of the existing agreement between both the nations for the Promotion and Protection of Investments
  • It includes explanatory notes adopted jointly for many clauses, includes,the definition of investor, definition of investment, exclusion of taxation measures, Fair and Equitable Treatment.
  • Also National Treatment and Most Favoured Nation (MFN) treatment, expropriation, essential security interests and Settlement of Disputes between an Investor-and a Contracting Party.

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