Pakistan will sign bilateral investment agreement with US

It is reported by <> of Pakistan that US and Pakistan will sign Bilateral Investment Trade-off(BIT) quickly, the same is Bilateral Trade Agreement which will be signed before 2007. Both sides anticipate to conduct negotiation and reach consistent suggestion on some BIT problems in technique and law.

During last period, US and Pakistan dispute in the focus-Pakistans security protection range of US investor. US insist that Pakistan should protect the security of all US investors in Pakistan while Pakistan think there should be other choice and point out that the above also include the problem of protection to Pakistan investors. Besides, there is some difference between both sides in solving investment issue and lawsuit. Salman show that the negotiation held by both sides before long can solve these problems and pave the way for signing the agreement as well as build the good base to sign trade agreement in the future.

US is one big investor and trade partnership of Pakistan always. In 2004, US direct investment on Pakistan is $0.991billion, accounting for over half of overseasdirect investment.