In order to ripple up the Doha Round, which was stalled due to a conflict between the developed and developing countries, company CEOs of both Indian and US decided to set up a new sub-committee. This committee will prepare a framework for a bilateral Investment Protection Agreement after studying the prevailing differences between the two nations.
An Investment Protection Agreement guarantees transparency of investment norms on a bilateral basis. India and the US have these agreements with other countries, however, there is no such treaty between these two countries.
The decisions were taken at a business round table conference held on September 24. It was attended by Sunil Mittal, OP Bhatt, Uday Kotak, Gautam Thapar, CK Birla, Ramalinga Raju, Jamshed Godrej, Feroze Vandrewala, Analjit Singh, Tarun Das and Sanjay Kirloskar from India. The US was represented by Harold McGraw III, David Cote, William Green, Herbert Henkel, Andrew Leveris, Sy Sternberg and Ronald William.
The Indo-US CEO Forum, which aims to boost bi-lateral trade, held on the same day, was attended by dignitaries and leading CEOs of both the countries. Ratan Tata, Chairman, Tata Group and William Harrison, Chairman, JP Morgan Chase board co-chaired the forum. P Chidambaram, Finance Minister, Kamal Nath, Commerce and Industry Minister and Montek Singh Ahluwalia, Deputy Chairman, Planning Commission also represented the Indian Government.
20240620103915.png)
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
