India, US for high-level bilateral investment treaty
The Dollar Business Bureau India and the United States are likely to enter into a high-level Bilateral Investment Treaty (BIT) aimed at creating ‘ease of doing business’ environment in India. This was informed by Richard Verma, US Ambassador to India, in his address at the annual general meeting of the American Chamber of Commerce (ACHAM). “We are working on a high-level BIT to make sure that any such treaty is of very high quality,” said the US Ambassador in his address. Both sides are working very hard towards the assessment of the high-level BIT in boosting the investors’ confidence, he added. And, the newly reconstituted strategic and the commercial dialogue is expected to be held in Washington soon, he informed. ...
