The Union Cabinet chaired by Indian Prime Minister Narendra Modi has given its approval for the Joint Interpretative Notes (JIN) on the agreement between India and Bangladesh.
The cabinet gave the approval on Wednesday, reports the Hindustan Times.
According to the report, Joint Interpretative Notes will impart clarity to the interpretation of the existing agreement between the two countries for the Promotion and Protection of Investments (BIPA).
An official statement said: “Such pro-active approach can foster a more predictable and coherent reading of treaty terms by arbitration tribunals”
The statement said JIN includes interpretative notes to be jointly adopted for many clauses, including, the definition of investor and investment, exclusion of taxation measures, Fair and Equitable Treatment (FET), National Treatment (NT) and Most Favoured Nation (MFN) treatment, expropriation, essential security interests and settlement of disputes between an investor and a contracting party.
Meanwhile, the cabinet was also informed about the Memorandum of Understanding (MoU) between the two countries regarding cyber security cooperation on April 8.
The MoU intends to promote cooperation between Indian Computer Emergency Response Team (CERT-In) and the Bangladesh Government Computer Incident Response Team (BGD e-Gov CIRT).
It also aims to exchange information on cyber attacks and cyber security incidents, cyber security technology cooperation, exchange cyber security policies and best practices and human resource development in this field in accordance with the relevant laws and regulations of each country and on the basis of equality, reciprocity and mutual benefits.


