India had approved cyber security cooperation with Bangladesh. The cooperation between India and Bangladesh would be implemented through a duly set up joint committee on cyber security.
On Wednesday, the Union Cabinet chaired by the Prime Minister Narendra Modi approved the Memorandum of Understanding (MoU) between India and Bangladesh on cyber security cooperation.
The agreement comes in the wake of cyber threats faced by both the countries. It was signed on April 8, 2017 at the time of Bangladesh Prime Minister Sheikh Hasina’s New Delhi visit.
On behalf of India, the Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology of India executed the MOU with Bangladesh Government Computer Incident Response Team (BGD e-Gov CIRT) of Bangladesh Computer Council of Information and Communication Technology Division under the Ministry of Posts, Telecommunications and Information Technology of Bangladesh.
With the cooperation between the Ministry of Electronics and Information Technology of India and Bangladesh Government Computer Incident Response Team, it is formulated to exchange information on cyber attacks and cyber security incidents.
The MOU also includes cyber security technology cooperation, exchange of 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.
Approval for JIN
The Indian government also gave its approval for the Joint Interpretative Notes (JIN) on the agreement between India and Bangladesh for the Promotion and Protection of Investments.
The note has been drawn up to clarify the interpretation of the existing agreement between India and Bangladesh for the Promotion and Protection of Investments (BIPA).
JIN plays an important supplementary role in strengthening the investment treaty regime, an official statement said after the Union Cabinet meeting.
The statement also mentioned, “Such pro-active approach by States can foster a more predictable and coherent reading of treaty terms by arbitration tribunals.”
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.