India`s economic interaction with Taiwan has gained momentum over the past decade with several bilateral agreements in the fields of agriculture, investment, museum railways, civil aviation, DTAA, industrial cooperation, SME cooperation, customs cooperation and others. Taiwan Plus, an official platform established by Invest India and the Taiwan External Trade Development Council (TAITRA) under the auspices of the Indian and Taiwanese governments, is a great initiative to support Taiwanese companies in India. It acts as a one-stop shop to promote, facilitate and retain Taiwanese investment in India. It is therefore not surprising that bilateral trade between India and Taiwan increased from $2 billion in FY06 to $7 billion in FY19, an increase of 250%. The FDI river from Taiwan also increased 10-fold between FY18 and FY19. IIA Navigator This database of IIAs – the IIA Navigator – is maintained by UNCTAD`s IIA section. You can search for IAIs completed by a specific country or group of countries, view recently completed IIAs, or use advanced contract search for sophisticated searches tailored to your needs. Please specify: UNCTAD, International Investment Agreements Navigator, available under investmentpolicy.unctad.org/international-investment-agreements/ The BIA, which was first signed in 2002 and will enter into force in 2005. The revised agreement includes not only direct investment by Taiwanese companies in India, but also indirect investment through a third site. IIA Mapping Project The IIA Mapping Project is a joint initiative of UNCTAD and universities around the world to map the content of IIAs.
The resulting database serves as a tool to understand trends in IIA development, assess the prevalence of different policy approaches, and identify examples of treaties. The «Mapping of IIA Content» allows you to browse the results of the previous project (the page is updated regularly when new results arrive). Please cite as: UNCTAD, IIA Content Mapping, available at investmentpolicy.unctad.org/international-investment-agreements/iia-mapping For more information: Mapping project page Project description and methodological document India and Taiwan signed a historic bilateral investment agreement in 2018 to promote investment flows between the two sides. In July 2020, Foxconn announced plans to invest $1 billion in its Tamil Nadu plant. Taiwanese equipment manufacturer Wistron has announced that it will invest $165 million to expand its existing plant near Bangalore. Pegatron, Apple`s second-largest contracted manufacturer, has registered its first subsidiary in Chennai. It is estimated that more than 140 Taiwanese companies have investments in India, mainly in the states of Andhra Pradesh, Gujarat, Haryana, Karnataka, Tamil Nadu and Uttar Pradesh. Foxconn Technology Group plans to expand its plant in Sriperambudur, Tamil Nadu. The investment will be spread over 3 years and is expected to create 6,000 jobs at the plant.
UNCTAD`s Work Programme on International Investment Treaties (IIAs) actively supports IIA policymakers, government officials and other stakeholders in reforming the IIA to make it more conducive to sustainable development and inclusive growth. International investment rules take place at the bilateral, regional, interregional and multilateral levels. Policymakers, negotiators, civil society and other stakeholders need to be well informed about foreign direct investment, international investment agreements (IIAs) and their impact on sustainable development. Main objectives of UNCTAD`s Work Programme for IIAs • Reform of the International Investment Treaty (IIA) System to strengthen its sustainable development dimension; • Comprehensive analysis of key issues arising from the complexity of the international investment regime; • Development of a wide range of instruments to support the formulation of more balanced international investment policies. Key Concepts — The map structure displayed in the Select Mapped Treaty Elements tab is a «table of contents» that contains all associated contract elements. It corresponds to the typical structure of an IIA. — The elements of the contract presented are elements of an investment agreement that have been mapped as part of the IIA mapping project. The number of contract items displayed exceeds 100. Each associated contract item has a set of predefined mapping options to choose from. — Mapping options indicate the approach chosen in the contract for the relevant element of the mapped contract.
Assignment options can be «Yes/No» or more precisely specify the contractual approach (e.B the type of fair and equitable treatment clause (FET) – qualified/unqualified/none, etc.). Each associated contract element contains the Inconclusive and Unenforceable options. While Taiwan and India had signed a BIA in 2002, which came into effect in 2005, a new agreement was signed to update it and ensure that Taiwanese businessmen`s investments in India are treated in accordance with international standards, said the Deputy Director General of the Ministry of East Asian and Pacific Affairs, Fan Hui-chun (范惠君), at a press conference in Taipei. «Taiwan and Australia also have an AEO mutual recognition agreement that allows companies on both sides to benefit from expedited customs clearance, which should help increase their competitiveness,» Fan said. «We believe [the new BIA] would help boost bilateral investment and promote the expansion of Taiwan`s ICT industry in India,» Fan said, adding that the agreement includes indirect investments from Taiwanese businessmen from countries such as Vietnam and Singapore. Taiwan and India yesterday signed a new bilateral investment treaty (BIA) and mutual recognition agreement for their respective Authorized Economic Operations (AEO) programs, the State Department said, touting them as significant achievements in the government`s new southward policy. International investment treaties (IIAs) are divided into two types: (1) bilateral investment treaties and (2) investment treaty agreements. A bilateral investment agreement (BIT) is an agreement between two countries on the promotion and protection of investments made by investors from each country in the territory of the other country. The vast majority of IIAs are BITs. The category of investment provision contracts (IPTs) combines different types of investment agreements that are not BITs. Three main types of TIP can be distinguished: 1. global economic contracts that contain obligations commonly found in BITs (e.g.
B a free trade agreement with an investment chapter); 2. contracts with limited investment provisions (e.B. only contracts for the installation of facilities or the free transfer of funds related to the investment); and 3. Contracts containing only «framework clauses», such as those relating to cooperation in the field of investment and/or a mandate for future negotiations on investment issues. In addition to IIAs, there is also an open category of investment-related instruments (IRRI). It includes various binding and non-binding instruments and includes, for example, model agreements and draft instruments, multilateral conventions on dispute settlement and arbitration rules, documents adopted by international organizations and others. In 2011, India and Taiwan signed a double taxation convention (DTA) and a customs cooperation agreement to strengthen trade and investment. It will also ensure the protection of Taiwanese companies` investments in India in accordance with international standards, as well as the safety and rights of Taiwanese investors. Regarding the AEO Mutual Recognition Agreement, Fan said India is one of Taiwan`s top 20 trading partners and the two countries have signed a Customs Administrative Assistance Agreement, a Temporary Admission Pact or ATA Carnet, and an action plan to develop mutual recognition of AEO programs. Bilateral trade between India and Taiwan is on the rise – from USD 2 billion in FY06 to USD 7 billion in FY19 and is growing by 250%.
The relationship has grown in recent years, boosted by several bilateral agreements in areas such as agriculture, investment, museum railways, civil aviation, industrial cooperation, cooperation with SMEs, customs cooperation and others. India and Taiwan signed a historic bilateral investment agreement in 2018 to boost the flow of investment between the two sides. In 2011, India and Taiwan signed a double taxation convention (DTA) and a customs cooperation agreement to strengthen trade and investment. Given the growing range of investments in information and communication technologies (ICTs), the BIA was revised after referring to the latest international investment treaties, Fan said. India and Taiwan signed a historic bilateral investment agreement in 2018 to boost the flow of investment between the two sides. The agreement aims to ensure the protection of Taiwanese investments in accordance with international standards, as well as the safety and rights of Taiwanese investors in India. Since 2020 has been a challenging year globally, bilateral trade between India and Taiwan has also been affected. However, the Taiwan Foreign Trade Development Council (TAITRA) has expressed confidence that 2021 will reverse the trend. The Foreign Trade Office and TAITRA virtually organized the third edition of the «Taiwan Expo» in December 2020. The Expo hosted more than 650 meetings to connect 270 companies, including 150 from India and 120 from Taiwan, to explore future business opportunities. The establishment of the Indian Taipei Association (ITA) in Taipei and the Taipei Economic and Cultural Centre (TECC) in New Delhi in 1995 was the first step in establishing strong bilateral relations between India and Taiwan.
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