BIT with India might take some time: US

Washington: While in favor of concluding negotiations with India on a bilateral investment treaty as quickly as possible, the Obama Administration on Tuesday said it may take some time as the two countries navigate through some of the complicated issues associated with the pact.

"We continue to hold positive and productive technical discussions on a Bilateral Investment Treaty (BIT) with the Indian government and look forward to moving these talks forward as quickly as possible, White House National Security Council Deputy Spokesperson Caitlin Hayden told PTI. "These are complicated issues that will take some time to work through, but both sides have committed ourselves to doing so in a thorough manner," Hayden said.

The Obama Administration views America`s economic relationship with India as very important, she said. "We view the economic relationship with India as one of our most important and we are actively working to ensure that both countries are able to lay the groundwork for future opportunities," Hayden said. The White House official was responding to questions on a letter written by top American Senators led by Mark Warner, who urged US President Barack Obama to accelerate the process of BIT negotiations with India.

"We have received the letter from Senator Warner and share his views on the importance of strengthening our economic relationship with India," Hayden said. Warner, who is Co-Chair of the Senate India Caucus, was recently in India.