US in talks with China, Russia, India on investment pacts
The US government is in preliminary talks to establish investment treaties with countries including China, Russia and India, the Treasury's top international adviser said.
By PTI |
WASHINGTON: The US government is in preliminary talks to establish investment treaties with countries including China, Russia and India, the Treasury's top international adviser said.
``US firms are already investing in these three markets at a rate two-and-a-half times that with the rest of the world,'' David McCormick, the US Treasury's undersecretary for international affairs, said today in prepared remarks at Dartmouth College in Hanover, New Hampshire. Such agreements ``are an important next step to protect these existing investments.
In the speech, McCormick said ``exploratory discussions'' are under way to forge ``bilateral investment treaties'' with three of the fastest-growing emerging economies. US investment in China, Russia and India rose to 41.1 billion dollars in 2006, from 15.4 billion dollars in 2001, he said.
By signing such agreements with the US, a country sends ``a clear message that it welcomes US investment and is prepared to stand by enforceable commitments to an open investment regime,'' McCormick said, adding that US has signed the treaties with 40 countries.
``US firms are already investing in these three markets at a rate two-and-a-half times that with the rest of the world,'' David McCormick, the US Treasury's undersecretary for international affairs, said today in prepared remarks at Dartmouth College in Hanover, New Hampshire. Such agreements ``are an important next step to protect these existing investments.
In the speech, McCormick said ``exploratory discussions'' are under way to forge ``bilateral investment treaties'' with three of the fastest-growing emerging economies. US investment in China, Russia and India rose to 41.1 billion dollars in 2006, from 15.4 billion dollars in 2001, he said.
By signing such agreements with the US, a country sends ``a clear message that it welcomes US investment and is prepared to stand by enforceable commitments to an open investment regime,'' McCormick said, adding that US has signed the treaties with 40 countries.
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