NewzVille Desk
To enhancing bilateral economic cooperation, India and Kyrgyzstan on Thursday formally ratified their Bilateral Investment Treaty (BIT), which now comes into force.
Union Finance Minister Nirmala Sitharaman and Kyrgyz Foreign Minister Zheenbek Kulubaev exchanged the instruments of ratification in New Delhi, completing the legal process for the treaty signed earlier in 2019.
The BIT replaces the existing investment agreement signed in May 2000 and is aimed at ensuring a stable, transparent, and balanced framework to protect the interests of investors from both countries.
The treaty will safeguard investor rights while respecting the regulatory authority of each nation. It is expected to boost cross-border investments and promote a more resilient investment climate.
The agreement reflects a shared commitment by India and Kyrgyzstan to deepen economic relations and foster long-term strategic cooperation particularly in trade and finance.
