India and Zimbabwe on 21 September 2011 agreed to expedite the ratification process of Bilateral Investment Promotion and Protection Agreement (BIPA) during the visit of Minister of State for Commerce and Industries Jyotiraditya Scindia.
BIPA aims at boosting bilateral investments. The BIPA was signed between India and South Africa in February 1999 but hasn’t come into force. The Bilateral trade between India and Zimbabwe stood at 125 million US dollars in 2010-11. India and Zimbabwe also launched a chamber of commerce during his visit.
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