Brazil: Brazil and India signed Investment Cooperation and Facilitation Treaty

On 25 January 2020, Brazil and India signed the Investment Cooperation and Facilitation Agreement. The treaty applies to investors and enterprises making bilateral investments, covering enterprises, equity instruments, debt instruments, licences, authorisations, permits, concessions, intellectual property rights and property. It establishes a joint committee to manage investment cooperation and creates mechanisms for risk mitigation and dispute prevention. The treaty requires non-discriminatory and fair treatment of investments, protects against expropriation, guarantees fund transfers and provides dispute settlement through international arbitration. Security exceptions allow protection of essential interests, with security decisions being non-justiciable. The treaty enters into force after both parties complete domestic procedures and provide written notification. It remains in force for 15 years initially, then continues indefinitely unless terminated with 12 months' notice, with investment protections continuing for five years after termination.