ARTICLE · 06 MARCH 2025

India UAE BIT, 2024 – A Cautious Balancing Of Rights

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In furtherance of the commitment to promote a stable and transparent investment climate, India and the United Arab Emirates ("UAE") executed a new Bilateral Investment Treaty ("India-UAE BIT") on August 31, 2024, marking a significant milestone in their economic relations.

IndiaGovernment, Public Sector

Shaurya Dhoundiyal

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INTRODUCTION

In furtherance of the commitment to promote a stable and transparent investment climate, India and the United Arab Emirates ("UAE") executed a new Bilateral Investment Treaty ("India-UAE BIT") on August 31, 2024, marking a significant milestone in their economic relations. This treaty supersedes the Bilateral Investment Promotion and Protection Agreement ("BIPPA") executed in December 2013, which remained in force until its expiry on September 12, 2024. The growing economic and legal ties between India and the UAE are exemplified by rising bilateral trade, cross-border investments and evolving treaty frameworks, reflecting the nations' shared objective to strengthen their investment landscape.

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