Lalit K Jha/ PTI / Washington Aug 06, 2009, 10:08 IST
Clinton and and Trade Representative Ron Kirk announced the launch of the BIT negotiations at an event during the African Growth and Opportunity Act Forum in Nairobi, Kenya yesterday, the State Department has said.
"As (the US) President (Barack) Obama said in Ghana a few weeks ago, America can do more to promote investment in Africa," Clinton said.
US negotiation of a BIT with Mauritius is a step in that direction, and is in keeping with our broader interest in engaging other potential BIT partners in Africa and that interest is also reflected in the ongoing exploratory talks with Ghana, Nigeria, and Gabon, she said.
"Mauritius can be justly proud of its success in implementing economic reforms that a BIT require, and serves as an important example to other African countries," she said.
Bilateral investment treaties are one of many tools that the Obama Administration is using to assist reform-minded African countries.
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