Modi-Trump Summit: Defence Deals Signed, Some Headway Towards Trade Deal

by GoNews Desk 1 month ago Views 1034
Major Agreements Between Trump And Modi On Energy,
Having promised stronger India-US strategic ties, PM Modi and US President Donald Trump held extensive talks on Tuesday on the entire spectrum of bilateral relations, which included the key sectors of defence, homeland security, trade and energy.

India and the US signed a $3 billion defence deal on Tuesday, a $2.6 billion deal for the 24 MH-60R Seahawks helicopters from Sikorsky-Lockheed Martin and six AH-64E Apache helicopters for Indian Navy worth around $930 million.

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After their deliberation at Delhi’s Hyderabad House, the two leaders issued a joint statement focusing on major agreements on Defence homeland security, people to people ties, among other partnerships, however, the trade deal is still on the backburner, although Trump said he was optimistic but reiterated that any deal has to be fair and reciprocal for the United States.

The US President also said that "during our visit we discussed 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".

PM Modi also said that three MoUs have been signed on mental health, pharma and a Letter of Cooperation between Indian Oil Corporation and Exxon.

He also said India and US are dedicated to an open, fair and balanced trade; and will begin work on trade deal

The PM also said the US policies helped in the growth of sectors like energy, civil aircraft, defence, higher education.

He added that positive dialogue took place between the commerce ministers of both countries. "We will give legal shape to the understanding they have arrived at," PM Modi said.

He added that defence ties got stronger as part of comprehensive strategic ties and called the energy trade significant. "The US is an important source of oil and gas to India. Enhancing people to people ties is vital," he said.

After PM Modi, Trump called his visit a special, unforgettable and an extraordinary experience. This has been a productive visit for both countries, he said.

Trump said we expanded defence cooperation with agreements for India to purchase more than $3 billion of advanced military equipments, including MH-60 Romeo and Apache helicopters.

"These will enhance our joint defence capabilities," Trump said, adding "both leaders affirmed our commitment to protecting our citizens from radical Islamic terrorism".

During our talks, we spoke on forging bilateral economic ties; improving partnership on energy sector and increasing maritime security cooperation. We also discussed the importance of 5G tech network.

He added that the US exports to India grew by 60% since the time he took office.

We are committed to women empowerment and ridding our societies of narcotics, Trump said.