U.S. wants progress in investment pact talks with India

  1. Context: Ongoing India-US BIT negotiations
  2. Issue: The new model text of Bilateral Investment Treaties (BIT) is making it difficult for America to hold bilateral talks on the proposed India-U.S. BIT
  3. Why? India’s model BIT text substantially narrows the scope of investments that can be covered by the proposed India-U.S. BIT
  4. It also requires that disputes be exhausted in local Indian jurisdictions before alternative investor-state dispute mechanisms can be initiated
  5. Delays: Investors from developed countries including the U.S. have been citing ‘judicial delays’ in India to demand that they be granted the flexibility in the BITs
  6. Flexibility: To take disputes to international arbitration tribunals without waiting to exhaust remedies available in India
Foreign Policy Watch: India-United States
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