Economy

US concerned over slow progress of treaty talks

Our Bureau New Delhi | Updated on January 18, 2018 Published on July 29, 2016

The US has expressed concern over the slow progress in India-US Bilateral Investment Treaty (BIT) talks.

Adewale Adeyemo, Deputy Assistant to the US President and Deputy National Security Advisor for International Economics, said here on Friday, “I would have hoped more progress in reaching a high-standard BIT with India. But there are many issues that have come into it. But we are open to a dialogue”.

Adeyemo, who concluded his two-day visit to India on Friday, also said that BIT was stuck over several issues but mainly on the issue of non-discriminatory access.

"I think it is going to take some more time.But we remain open to a dialogue," he added.

He also stressed on creating ‘ease of doing business’ for international investors that will help India grow.

All these issues will be discussed at the upcoming Strategic and Commercial Dialogue that is scheduled to take place next month here, he added.

On India and US facing a series of WTO disputes, he said this was the best way to deal with differences in trade.

Published on July 29, 2016
This article is closed for comments.
Please Email the Editor