U.S., India Plan Joint Investment Treaty For Easing Business

WASHINGTON: The US and India are planning to launch negotiations to sign a high quality bilateral investment treaty to create an enabling business environment in India, a senior American diplomat has said.

"With India now having concluded its own model bilateral investment treaty framework, we are poised to be able to engage with the Indians and commence in negotiations on a bilateral investment treaty," Assistant Secretary of State for South and Central Asia Nisha Desai Biswal said.

There are ongoing conversations between the US Trade Representative's Office, the Department of State and our Indian counterparts on launching into BIT negotiations, Biswal told US lawmakers during a Congressional hearing.

"We want to make sure that any bilateral investment treaty is very high quality, high standard that reflects the expectations of our companies and the best practices that we have gleaned from our engagements around the world," she said.

"We believe that that will clear the path for greater ease of dispute resolution, addressing issues of taxation and other things that impede investment in India," Biswal said.
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