US VP Vance: India and America have finalised terms of reference for a trade deal ...Middle East

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India and America have finalised terms of reference for a trade deal.I believe that India and US have much to offer one another.Our administration seeks trade partners on the basis of fairness.We have common goals with India.India and US will co-produce many defence equipment items.India and US both know the region must remain safe from any hostile powers.We want India to buy more of our military equipment.We want to help India explore offshore gas reserve and critical mineral supplies.India should consider dropping some of the non-tariff barriers for American access to the Indian market.I welcome India's budget amendment of nuclear liability laws.I believe America's energy can help realise India's nuclear goals.The future of 21st century will be determined by India-US partnership.If India, US fail to work together, 21st century will be a dark time for the world.

Vance was in India on a personal trip with the second lady Usha Vance and his family. He met India's PM Modi in New Delhi and discussed about trade and cooperation. As a reminder, Trump imposed 26% reciprocal tariff on India on April 2 before suspending them for 90 days and leaving a 10% baseline tariff.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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