The Union Cabinet chaired by the Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Bangladesh on cyber security cooperation.
The MoU was signed on 8th April, 2.017 between Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology of India and Bangladesh Government Computer Incident Response Team (BGD e-Gov CIRT) Bangladesh Computer Council of Information and Communication Technology Division under the Ministry of Posts, Telecommunications and Information Technology of Bangladesh.
The MoU intends to promote cooperation between Ministry of Electronics and Information Technology of India and Bangladesh Government Computer Incident Response Team and includes exchange of information on Cyber attacks and cyber security incidents; Cyber security technology cooperation; exchange cyber security policies and best practices and Human Resource Development in this field in accordance with the relevant laws and regulations of each country and on the basis of equality, reciprocity and mutual benefits.
The MoU between CERT-In and BGD e-Gov CIRT would be implemented through a duly set up Joint Committee on Cyber Security.
The agreement comes in the wake of cyber threats faced by both the countries.
The Union Cabinet also gave its approval for the Joint Interpretative Notes (JIN) on the Agreement between India and Bangladesh for the Promotion and Protection of Investments.
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The JIN would impart clarity to the interpretation of the existing Agreement between India and Bangladesh for the Promotion and Protection of Investments (BIPA). The JIN includes interpretative notes to be jointly adopted for many clauses, including, the definition of investor.exclusion of taxation measures, Fair and Equitable Treatment (FET), National Treatment (NT) and Most Favoured Nation (MFN) treatment, expropriation, essential security interests and Settlement of Disputes between an Investor-and a Contracting Party.
Joint Interpretative Statements in general play an important supplementary role in strengthening the investment treaty regime. With increasing Bilateral Investment Treaty (BIT) disputes, issuance of such statements is likely to have strong persuasive value before tribunals.
Joint Interpretative Statements in general play an important supplementary role in strengthening the investment treaty regime. With increasing Bilateral Investment Treaty (BIT) disputes, issuance of such statements is likely to have strong persuasive value before tribunals.
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