Bilateralism Current Affairs, GK & News

Investor-State Dispute Settlement (ISDS) Mechanism

Investor-State Dispute Settlement mechanism is a system which allows individual companies to sue countries for their discriminatory practices. The practice came to light through the Philip Morris v. Uruguay Case under WTO. It is an instrument of public international law whose provisions are defined by a number of bilateral investment treaties. ISDS is also associated ..


China inks economic pacts with North Korea which includes the Development of SEZs

China signed economic agreements with North Korea to enhance the bilateral economic co-operation. The development of two special economic zones in North Korea is part of the agreement. Both countries also signed agreements on agricultural co-operation and electricity supply.