07.20.09
Seychelles goverment completes talks on signing agreement with India
The government of Seychelles completed negotiations with India on signing Bilateral Investment Promotion and Protection Agreement between the two countries. This meeting helped to resolve the few remaining issues from the second round of talks.
After ratification of the document, India will become the fourth country which concluded such an agreement with Seychelles.
Bilateral Investment Promotion and Protection Agreement (BIPPA) is an agreement between two countries providing for the reciprocal encouragement, promotion and protection of investments in each other’s territories by the companies based in any of these countries. The purpose of these agreements is to create favourable conditions for investors of one country to invest in the economy of the other country, and vice versa. So, the agreement between Seychelles and India will give protection to Seychellois and Indian investors carrying on business in either country. By stimulating business initiatives, it will bring benefits to both countries.