India has opposed an informal proposal made by the European Union and Canada about a global investment pact with an investor-to-state dispute settlement, ISDS provision at WTO. <br/><br/>The issue was discussed at an informal meeting of key WTO members, including India, China, Brazil, Japan and Australia in Davos last week.<br/><br/>Commerce and Industry Minister Nirmala Sitharaman told reporters in New Delhi that India has rejected this move and it wants anything to do with investments to be a bilateral thing.Under ISDS, corporates can take sovereign governments to international arbitration for resolution of disputes.<br/><br/> Ms Sitharaman said other WTO member countries, including Argentina and Brazil also did not support the move.
News On AIR | January 23, 2017 8:19 PM
India opposes EU, Canada proposal on investment pact at WTO