US Should Seek Investment Pact With India, Sens. Hear

Law360, New York (September 25, 2013, 5:30 PM EDT) -- With India taking some steps to open its market to more foreign investment, it could be the right time for the U.S. to get serious about pushing for a formal investment partnership with India, witnesses told a Senate panel Wednesday.

Testifying at a hearing held by the Senate Subcommittee on National Security and International Trade and Finance, a pair of witnesses both suggested that the U.S. pursue a high-standards bilateral investment treaty, or BIT, with India.

One of the witnesses, Arvind Subramanian, a senior fellow at...
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