India-U.A.E. BIT 2024 Features:

Closed asset-based definition of investment with coverage of portfolio investment
Treatment of investment with obligation for no denial of justice, no fundamental breach of due process, no targeted discrimination and no manifestly abusive or arbitrary treatment
Scope carve out for measures such as those related to taxation, local government, government procurement, subsidies or grants and compulsory licence
Investor-state dispute settlement (ISDS) through arbitration with mandatory exhaustion of local remedies for 3 years
General and security exceptions
Right to regulate for state
No investor claim in case investments are involved with corruption, fraud, round-tripping, etc
Provision on national treatment
The treaty provides for protection to investments from expropriation and provides for transparency, transfers and compensation for losses.
India’s exports during April-August 2024 stood at $328.86 billion, up 5.35%. Total imports were at $375.33 billion, a 7.20% growth, in the same period. Merchandise exports were at $34.71 billion as compared to $38.28 billion a year ago. Merchandise imports were $64.36 billion, up from $62.30 billion in the year-ago period.

In services, the estimated value of exports was $30.69 billion compared to $28.71 billion in August 2023. Services imports for August 2024 were $15.70 billion vs $15.09 billion in August 2023. While the merchandise trade deficit in April-August 2024 was $116.64 billion, up from $99.16 billion in April-August 2023, the services trade surplus was $70.18 billion as compared to $61.22 billion in the year-ago period.

FDI from UAE

India-U.A.E. bilateral investment treaty comes into effect — key features