New Delhi, Mar 25 : Bilateral Investment Promotion and Protection Agreement (BIPA) between India and Libya has become effective with the exchange of Instruments of Ratification (IsR) between them, here today.
Dr. Anup K. Pujari, Joint Secretary, Ministry of Finance, Government of India and Mohammed Saleh Ei-Saghier Milad, Director, International Legal and Treaties Department, Government of Libya exchanged the IsR at a ceremony presided over by L. M. Vas, Additional Secretary, Ministry of Finance.
With the exchange of IsR today, Libya becomes the 66th country with which our BIPA has become effective.