PM Modi Says India-US Will Soon Start "Big Trade Deal" Negotiations - TNBCLive

On Tuesday, after completing the bilateral talks with United States President Donald Trump, Prime Minister Narendra Modi said both the countries would begin negotiations for a big trade deal soon. PM Modi also described Indo-US relations as “one of the most important partnerships” of the 21st century. Both countries are aiming to increase the bilateral defence and security cooperation is a very crucial aspect of this relationship. 

During the meeting, PM Modi and President Trump discussed several key issues including trade, terror, counter-terror and energy cooperation. PM Modi, after the talks held at the Hyderabad House in the national capital, said, “Our commerce ministers have had positive talks on trade. Both of us have decided that our teams should give legal shape to these trade talks. We also agreed to open negotiations on a big trade deal.”

“Both of us agree on the importance of sustainable and transparent financing in the development of connectivity infrastructure in the world. Our mutual understanding is not only in each other’s but the world”s interest,” PM Modi added. However, President Trump said the last two days visit in India was amazing, especially the event at the Motera stadium in Ahmedabad.

PM Modi Says India-US Will Soon Start Big Trade Deal Negotiations | tnbclive.in

India and the US have decided to take Indo-US ties to the comprehensive global partnership level, said the PM.  “The most important foundation of the special relationship between India and the USA is people to people contact. Professionals, students, the Indian diaspora in the USA have a major contribution to this.”

Last year, the trade war between India and the US peaked. The US President has been very vocal about the perceived high tariff walls that India has put. The US also termed India as “tariff king”, but India has refused the charge claiming its tariff regime is fully compliant with its commitments under the World Trade Organization (WTO) rules. Donald Trump also terminated India’s designation as a beneficiary developing nation last year.  Both countries started taking tit-for-tat moves against each other. 

PM Modi Says India-US Will Soon Start Big Trade Deal Negotiations

On the second and final day of Trump’s India visit, he received a ceremonial welcome at the presidential place Rashtrapati Bhavan on Tuesday. President Ram Nath Kovind and his wife Savita Kovind hosted a dinner banquet in honour of the US President and the First Lady. Ivanka Trump and Jared Kushner are also present at the event.

Related Articles