In a recent statement, Finance Minister Nirmala Sitharaman emphasized the importance of Bilateral Investment Treaties (BITs) being negotiated independently from Free Trade Agreements (FTAs). Speaking at a business forum, she highlighted how BITs play a crucial role in safeguarding national interests and attracting foreign investments. The Minister urged policymakers to prioritize BITs as standalone agreements to ensure they align with India’s economic goals and strategic interests.
