US keen to have investment treaty with India

US Trade Representative Ron Kirk will be discussing these issues with India's Commerce and Industry Minister Anand Sharma during a roundtable at the US-India Business council here tomorrow.

"USTR Ron Kirk is committed to enhancing the US-India trade relationship by fostering enhanced dialogue on important trade policy matters including a US-India Bilateral Investment Treaty," the USTR said in a statement.

The bilateral investment agreement would help protect private investment and develop market-oriented policies in partner countries, it added.

The two countries have been trying to bridge differences on the investment protection treaty. While India is willing to give 'post-stage' protection on private investment, the US wants 'pre-stage' benefit.

In simpler terms, if an American company suffers some losses even at the feasibility stage of an investment proposal because of change in government policies, it would like to be compensated.

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