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Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.
1. The objective is to promote and protect the interest of investors of either country in the territory of another country.
2. It serves the same purpose as the international centre for settlement of investment disputes.
Which of these statements is/are incorrect?
- a)1 Only
- b)2 Only
- c)Both 1 and 2
- d)None of them
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements about the Bilateral Investment Promo...
The correct answer is option 'D' - None of them.
Explanation:
1. The objective is to promote and protect the interest of investors of either country in the territory of another country.
This statement is correct. Bilateral Investment Promotion and Protection Agreements (BIPAs) are international treaties signed between two countries to promote and protect the interests of investors from either country in the territory of the other country. These agreements aim to create a favorable investment environment by providing legal protections and mechanisms for dispute resolution.
2. It serves the same purpose as the International Centre for Settlement of Investment Disputes (ICSID).
This statement is incorrect. While BIPAs and ICSID both deal with investment disputes, they serve different purposes. BIPAs are bilateral agreements between two countries, whereas the International Centre for Settlement of Investment Disputes (ICSID) is an international institution established under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention). ICSID provides a forum for the settlement of investment disputes between investors and host states, while BIPAs provide a framework for promoting and protecting bilateral investments.
In summary, the incorrect statement is statement 2, as BIPAs and ICSID serve different purposes. BIPAs aim to promote and protect the interests of investors from either country in the territory of the other country, whereas ICSID provides a forum for the settlement of investment disputes.
Explanation:
1. The objective is to promote and protect the interest of investors of either country in the territory of another country.
This statement is correct. Bilateral Investment Promotion and Protection Agreements (BIPAs) are international treaties signed between two countries to promote and protect the interests of investors from either country in the territory of the other country. These agreements aim to create a favorable investment environment by providing legal protections and mechanisms for dispute resolution.
2. It serves the same purpose as the International Centre for Settlement of Investment Disputes (ICSID).
This statement is incorrect. While BIPAs and ICSID both deal with investment disputes, they serve different purposes. BIPAs are bilateral agreements between two countries, whereas the International Centre for Settlement of Investment Disputes (ICSID) is an international institution established under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention). ICSID provides a forum for the settlement of investment disputes between investors and host states, while BIPAs provide a framework for promoting and protecting bilateral investments.
In summary, the incorrect statement is statement 2, as BIPAs and ICSID serve different purposes. BIPAs aim to promote and protect the interests of investors from either country in the territory of the other country, whereas ICSID provides a forum for the settlement of investment disputes.
Community Answer
Consider the following statements about the Bilateral Investment Promo...
- As part of the Economic Reforms Programme initiated in 1991, the foreign investment policy of the Government of India liberalised and negotiations were undertaken with a number of countries to enter into Bilateral Investment Promotion & Protection Agreement (BIPA) to promote and protect on reciprocal basis investment of the investors.
- The Government of India has, so far, (as by July 2012) signed BIPAs with 82 countries out of which 72 BIPAs have already come into force and the remaining agreements are in the process of being enforced."
- The objective of the BIPA is to promote and protect the interests of investors of either country in the territory of another country.
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Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the Bilateral Investment Promotion and Protection Agreement.1. The objective is to promote and protect the interest of investors of either country in the territory of another country.2. It serves the same purpose as the international centre for settlement of investment disputes.Which of these statements is/are incorrect?a)1 Onlyb)2 Onlyc)Both 1 and 2d)None of themCorrect answer is option 'D'. Can you explain this answer?.
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