 India has proposed to terminate the BIPPA and sign a new Bilateral Investment Treaty (BIT) which is under consideration.The bilateral mechanism of engagement in trade and economic relations is anchored by India-Uzbekistan Inter-Governmental Commission (IGC) on Trade, Economic, Scientific and Technological Cooperation at ministerial level and sector specific Joint Working Groups (JWGs) at official level.The 11th IGC was held in Tashkent in August 2018.