India-Bangladesh Current Affairs

Union Cabinet approves JIN pact between India and Bangladesh

The Union Cabinet has given its approval for the Joint Interpretative Notes (JIN) on the Agreement between India and Bangladesh for the Promotion and Protection of Investments.

Decision in this regard was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.

Purpose of JIN

In general, JIN plays an important supplementary role in strengthening the investment treaty regime. Looking at increasing trend in Bilateral Investment Treaty (BIT) disputes, issuance of such statements is likely to have strong persuasive value for resolving disputes before arbitration tribunals. Moreover, such pro-active approach by states also can foster more predictable and coherent reading of treaty terms by tribunals.

Approval of JIN

The approval JIN by the Union Cabinet will impart clarity to the interpretation of the existing agreements between India and Bangladesh for the Promotion and Protection of Investments (BIPA). The JIN between India and Bangladesh includes interpretative notes to be jointly adopted for many clauses, including, the definition of investor, investment, exclusion of taxation measures, National Treatment (NT), Fair and Equitable Treatment (FET) and Most Favoured Nation (MFN) treatment, essential security interests, expropriation and Settlement of Disputes between an Investor and Contracting Party.

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India and Bangladesh have decided to construct bridge along Mizoram Border

India and Bangladesh have decided to construct a bridge over Mizoram’s Khawthlangtuipui river (also known as Karnaphuli river) to facilitate trade and to improve communication between the two countries. The decision was taken after officials from both the side met at Tlabung town in Mamit district of Mizoram. The Mamit district is situated adjacent to Khagrachari district of Southeast Bangladesh.

The proposed bridge is expected to be constructed as closer as possible to the nearest custom station located in the Bangladesh side.

Significance

The proposed bridge is expected to serve as an important link between India and Bangladesh. It would improve road connectivity between the two regions. The proposed bridge is also expected to strengthen the ties between the people of the two countries.

India-Bangladesh Border

Mizoram has a 318 km unfenced border with Bangladesh. In March 2017, the Union Government had announced that half of the 4,096-km long border India shares with Bangladesh has been fenced. The remaining half will be fenced by 2019 deadline. India and Bangladesh share a 4,096 km land boundary, largest among the international boundaries that India shares with its neighbours. The border runs along five states, West Bengal (2,216.7 km), Assam (263 km), Meghalaya (443 km), Tripura (856 km) and Mizoram (318 km).

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