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    <title>Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman and Minister of Foreign Affairs of the Kyrgyz Republic, Mr. Zheenbek Kulubaev Moldokanovich, sign the Protocol and exchange the Instrument of Ratification of Bilateral Investment Treaty (BIT) in New Delhi, today</title>
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    <description>A renewed Bilateral Investment Treaty between India and Kyrgyzstan enters into force, replacing the earlier agreement and providing investor protection through an enterprise-based definition of assets, clarified investment characteristics, and preserved host-state policy space via exclusions for local government, procurement, taxation, governmental services and compulsory licences. The treaty removes the Most Favored Nation route for importing third-party treaty terms, articulates treatment standards (national treatment, expropriation, transfers), includes general and security exceptions, and establishes a calibrated investor-state dispute settlement mechanism requiring exhaustion of local remedies.</description>
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