Wednesday, February 26, 2020

LOT OF CHEMISTRY ,BUT LITTLE MATHS


US president  Donald trump’s 36 hour visit to India starting from 24th February did not see any deadlock broken on the bilateral trade deal. However there were several discussions regarding the tariffs, terrorism, and religious tolerance in India and some major deals were signed by both the parties which would definitely strengthen the us India relationship in the future.

At the press conference US  president confirmed the two sides signed 3 billion dollar worth of defence deals, with India’s military to purchase apache and mh-0 rome helicopters. The two sides signed three other agreements, including those on the safety of medical devices and energy cooperation between Indian Oil Corporation, Exxon Mobil India LNG, and Chart Industries. Later in the day, at an interaction with the media, he hoped to bridge the $16.9-billion trade deficit his country had with India and appreciated investment by Indian business in the US.

The president also mentioned the high tariff import policy adopted by india  and mentioned the US  need to be treated fairly. At a briefing with industrialists in India at the US Embassy, Trump spoke of the importance of a secure 5G wireless network and the need for this emerging technology to be a “tool for freedom, progress, prosperity, not to do anything with where it could be even conceived as a conduit for suppression and censorship”. Trump said India and the US were keen to revitalise the Quadrilateral Initiative (Quad), which also comprises Australia and Japan. Foreign Secretary Harsh Vardhan Shringla said Modi and Trump decided to move towards what was referred to as a “big deal” in trade. He said the two leaders had decided to conclude the ongoing discussions on bilateral trade as soon as possible and give it a legal framework and the text could be finalised with legal vetting as soon as possible. “There is appreciation that trade has increased year-on-year over the last few years. US exports to India have increased dramatically and there is a noticeable decline in the trade imbalance,” Shringla said. He said the trade imbalance was eroding with a greater number of acquisitions in oil and gas and the purchase of commercial aircraft. Indian officials said the contentious, amended Citizenship Act did not come up for discussion during the meeting of the two leaders, and they talked about religious harmony in a positive way.

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