Reference to Times of India. The US President Donald Trump showed optimism about the trade talks between the two countries and said that his administration is in a very different deal to rectify historical imbalances. Trump believes that the US was unbalanced in the past agreements, but the ongoing negotiations will come up with a win-win framework. We are very near to be able to have a fair trade agreement and I think India will be happy and by this new agreement, the economic relationship between the two countries would be enhanced, and at the same time, there would be fairness of the deal between the two countries.
The focus on a good Diplomatic and Economic Relation.
Trump underscored the strategic and cultural importance of India, where it is one of the oldest civilizations in the world and the second most populated nation that has more than 1.5 billion people. He was also commendational of Prime Minister Narendra Modi and his leadership and termed the current partnership as a strong platform to build trade, security and technology relationship in the Indo-Pacific region. The US President also added that the work of the Ambassador Sergio would assist in the stimulation of American investments, energy exports, as well as the increase in technological exchanges, which will strengthen bilateral relations.
Further Development in the Face of Trade Difficulties.
Union Commerce Minister Piyush Goyal affirmed that the talks on the India-US Bilateral Trade Agreement were progressing in a positive manner, though there are still some sensitive matters that need to be looked at. “Talks are going on very well. The issues involved are numerous, delicate and grave and, of course, it takes a certain amount of time, Goyal said in indicating a cautiously optimistic feeling and at the same time the complications that come with finalizing an agreement.
The white house further stressed that President Trump is determined to ensure that the relations between the two countries are good. Frequent contact with Prime Minister Modi does not stop communication differences on tariffs, trade policies, and Russian oil imports, which is an indication of the desire by the United States to reach a compromise that would favor both countries.
Outlook: Towards a Balanced Trade Agreement.
Throughout the years, the two nations are in the process of achieving an economic and trade treaty, which would enhance economic development, build strategic alliances, and facilitate technology and energy relations. Analysts and interested parties are optimistic that the end result of the agreement will not only improve the bilateral trade but will also act as a precedent in the future in terms of effective cooperation in dealing with complicated international economic issues as well as deepening the mutual trust and cooperation.
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