Vance visits India for bilateral talks on economic, trade and geopolitical ties
U.S. Vice President JD Vance began a four-day on Monday as the two countries seek to unlock economic opportunities and negotiate a bilateral trade deal.
Vance will meet Prime Minister in New Delhi for talks on the economy, trade and geopolitical ties. Vance맥스카지노s visit is seen as an important diplomatic mission by President Donald Trump맥스카지노s administration, and it coincides with a rapidly intensifying trade war between Washington and Beijing, which is New Delhi's main rival in the region.
A trade deal between India and the U.S. could significantly enhance economic ties between the two countries and potentially strengthen diplomatic ties.
The U.S. is also India맥스카지노s largest trading partner, with bilateral trade valued at $190 billion until recently.
India맥스카지노s foreign ministry has said the visit will 맥스카지노provide an opportunity for both sides to review the progress in bilateral relations맥스카지노 and two leaders will 맥스카지노exchange views on regional and global developments of mutual interest.맥스카지노
Here맥스카지노s what to know more about Vance맥스카지노s visit:
Bilateral trade agreement
Vance맥스카지노s arrival in India comes weeks after Director of National Intelligence Tulsi Gabbard was in India for a and two months after Modi met Trump in Washington.
Modi was among the first leaders to visit the U.S. and hold talks with Trump after he returned to the White House. During , Modi hailed a 맥스카지노mega partnership맥스카지노 with the U.S. and kickstarted a negotiation process to minimise the possible fallout of Trump맥스카지노s tariffs after it had already cut tariffs on a range of U.S. goods.
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Regardless, Trump targeted India with a 26% levy as part of his now-paused tariff programme, which has provided temporary relief for Indian exporters.
During his visit, Modi sought to soften impending trade barriers by saying he was open to reducing more tariffs on U.S. goods, repatriating undocumented Indian nationals and buying military gear. The two countries also agreed to start talks towards clinching the bilateral trade agreement.
Modi on Friday said he spoke with Elon Musk and said he and the SpaceX CEO 맥스카지노discussed the immense potential for collaboration in the areas of technology and innovation,맥스카지노 saying 맥스카지노India remains committed to advancing our partnerships with the U.S. in these domains.맥스카지노
India's deep ties to US business
India is a close partner of the U.S. for bilateral trade, foreign direct investments, defence cooperation, and an important strategic ally in combating the rising influence of China in the Indo-Pacific region.
It is also part of the Quad, which is made up of the United States plus India, Japan and Australia and seen as a counter-balance to China맥스카지노s expansion in the region.
Leading U.S companies such as Apple Inc. and Google have expanded operations in India in recent years. Last month, Musk's Starlink with two of India맥스카지노s top telecom operators to provide satellite-based internet services.
To further boost trade ties, the U.S. and India have set an ambitious target of more than doubling their bilateral trade to $500 billion by 2030 under the expected trade deal agreement.
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The negotiations are especially urgent for New Delhi as it could be hit hard by Trump맥스카지노s reciprocal tariffs, particularly in sectors of agriculture, processed food, auto components, high-end machinery, medical equipment and jewelry. This poses a significant challenge for Modi government as it hopes to spruce up the country's economy and generate jobs with an export-led recovery.
Modi and Trump already share rapport
Modi established a good with Trump during his first term in office. It now appears that the two leaders are likely to further boost cooperation between their countries, particularly in trade as Chinese President Xi Jinping is aiming to position Beijing as a reliable trade partner in the Asia-Pacific region amid rising tensions with Washington.
India has also already taken a number of steps to win over Trump. It will purchase more oil, energy and defence equipment, including the fifth-generation stealth fighter jets, from the U.S.
The U.S, however, wants greater market access for its agricultural and dairy products in India, but New Delhi has been reluctant so far as the farm sector employs bulk of the country맥스카지노s workforce.
Family trip for Vance
Vance맥스카지노s visit to India marks his first official trip to the country, which has added significance for the second family. His wife 맥스카지노 a practising Hindu 맥스카지노 is the daughter of immigrants from South India.
In his memoir 맥스카지노Hillbilly Elegy,맥스카지노 Vance described his wife a 맥스카지노supersmart daughter of Indian immigrants맥스카지노 whom he met at Yale Law School. Usha맥스카지노s parents moved to the U.S. in the late 1970s.
Vance will be accompanied by Usha, their children and other senior members of the U.S. administration, and the couple will visit Indian cities of Jaipur and Agra and participate in engagements at cultural sites, a readout from the White House said.