Embassy of the United States
PRESS RELEASES
U.S.-Pakistan Bilateral Investment Treaty Negotiations
May 12, 2005
Islamabad, Pakistan
Joint Press Statement
Islamabad - As part of the broadened and strengthened bilateral economic
relationship, representatives of the United States and Pakistan met May 10-12 in
Islamabad for the second negotiating session for a Bilateral Investment Treaty.
Officials from the Department of State and the Office of the U.S. Trade
Representative led the U.S. delegation, which also included the Department of
Commerce, Department of the Treasury and U.S. Embassy in Islamabad. The
Secretary of the Pakistani Board of Investment headed the Pakistani delegation,
including representatives of. Ministry of Foreign Affairs, Ministry of Finance,
Ministry of Industries and Production, Ministry of Commerce, Central Board of
Revenue and State Bank of Pakistan.
The delegations discussed in depth key elements of the agreement, including the
investments to be covered, the commitments to be undertaken by both sides, and
dispute settlement procedures. The two delegations continued to make progress in
expanding those areas where they share a common view. The negotiating teams
agreed to maintain continuing communications to work on outstanding issues and
to meet for another round of negotiations in Washington this summer.
Source: Embassy of the United States – Islamabad,
Pakistan
http://islamabad.usembassy.gov/pakistan/h05051202.html
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