"One of the things that would help attract Smart Capital is a bilateral investment treaty," Wally said.
Pitching for a bilateral investment treaty between India and the US, a key US official today said the Narendra Modi led-NDA government can do more to improve ease of doing business in the country.
“One of the most important things the government can do right now is to improve the ease of doing business here,” Adewale “Wally” Adeyemo, Deputy National Security Advisor for International Economic Affairs & Deputy Assistant to President Barack Obama, said at a Ficci event here.
“One of the things that would help attract Smart Capital is a bilateral investment treaty,” Wally said.
He said the “central issue was how do we create jobs for the young people” observing that more protectionism leads to lesser jobs and prosperity.
He hoped to carry forward the potential to strategic and commercial relationship between the two countries forged during the Obama administration to the next administration.
Wally said the India and the US bilateral relations had made “a great deal of progress” during the course of the Obama administration.
He said the bilateral relationship was critical for the 21st century and the two countries were working on climate change agenda.