Wednesday, Jul 30, 2014Wednesday, Jul 30, 2014
News
 

India ready for investment treaty talks with US: Commerce chief

Published on Jul 13, 2013 10:50 AM
 
New US Trade Representative Michael Froman speaks at the US Global Leadership Coalition conference in Washington on June 25, 2013. India is ready to begin talks with the United States on a bilateral investment treaty as part of its effort to reinvigorate ties with a valued trade partner, the country's commerce and industry minister said on Friday. -- FILE PHOTO: AFP

WASHINGTON (REUTERS) - India is ready to begin talks with the United States on a bilateral investment treaty as part of its effort to reinvigorate ties with a valued trade partner, the country's commerce and industry minister said on Friday.

"We have said that 'yes, we are ready for it. We are in favour,'" Mr Anand Sharma told reporters after meetings with US Trade Representative Michael Froman and other US officials.

Mr Sharma said there was no date for the first round of talks on the pact, which would set terms and condition for US and Indian investment in each other's country.

"No, it was discussed today, and we have signaled our acceptance," Mr Sharma said.

 
If you are not a subscriber, you can get instant, unlimited access here