Switzerland and Bahrain Forge Investment Protection Agreement

Switzerland and Bahrain have entered into a significant accord focused on safeguarding investors from political risks, including discriminatory actions and unlawful expropriation. The agreement also upholds the unrestricted transfer of investment payments, according to the Swiss government.

The treaty notably incorporates a dispute resolution mechanism, allowing investors to settle disputes through an international arbitration tribunal, as confirmed by a statement from the government.

Prior to this agreement, Bahrain was the sole member of the Gulf Cooperation Council alliance without an investment protection deal with Switzerland.

(With inputs from agencies.)