• The Union Cabinet has given its approval for signing and ratification of the Bilateral Investment Treaty (BIT) between the India and Belarus on Investments. 
• The Treaty is likely to increase investment flows between the two countries.
• The agreement is expected to improve the confidence of the investors resulting in an increase in FDI and Overseas Director Investment (ODI) opportunities and this will have a positive impact on employment generation. 
• The signing and ratification of a BIT between the two countries will work as a strategic initiative as Belarus is the member of the Eurasian Economic Union (EAEU).
• India has already initiated the BIT text with the Kyrgyz Republic and is in talks with the Russian Federation for a new BIT, based on the Model BIT text. 

Source:PIB