U.S. resolves 3-year debate on investment treaty terms

Reuters News
Posted: Apr 20, 2012 12:50 PM

WASHINGTON (Reuters) - The government has resolved a three-year debate over what terms it should seek in Bilateral Investment Treaties (BIT) with countries such as China and India, the U.S. Trade Representative's office said on Friday.

The Emergency Committee for American Trade, a U.S. business group, immediately welcomed the announcement but said it was worried that environment and labor provisions of the so-called "Model BIT" that will be used as template in future negotiations "could be counterproductive."

(Reporting By Doug Palmer; Editing by Chizu Nomiyama)