US Vice President Joe Biden urged India on Wednesday to improve investment conditions and remove obstacles faced by American companies which restrict trade between the world's biggest democracies. Biden, the first US vice president to visit India in three decades, listed intellectual property concerns, requirements to buy local content and inconsistent tax treatment as worries for foreign investors.
"These are tough problems, but they have to be negotiated and worked through to meet the potential of this relationship," he said in a speech at the Bombay Stock Exchange focused on boosting annual trade from its current level of nearly $100 billion.
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