The Indian prime minister, Narendra Modi, meets the American vice president JD Vance and his family in his residence in New Delhi, India, on April 21, 2025.
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The Prime Minister of India, Narendra Modi, and the vice president of the United States, JD Vance, praised on Monday the “significant” progress made in commercial conversations between the two parts of Vance’s visit to India.
Vance, who was in India on a most personal trip with the second lady Usha Vance and her family, with modes in New Delhi.
A statement from Modi’s office said the two leaders “welcomed the significant progress in the negotiations for a beneficial commercial agreement of India-Ee. UU.
Vance and Modi also positively reviewed and evaluated progress in various areas or bilateral cooperation, and pointed out “continuous efforts” to improve cooperation in areas such as energy, defense and strategic technologies.
The two leaders also exchanged views on various regional and global issues of mutual interest, and requested dialogue and diplomacy.
India was beaten with a “reciprocal” rate of 26% on April 2, before US President Donald Trump suspended the levies for 90 days on April 9, leaving a 10% reference rate.
On Monday, the United States commercial representative Jamieson Greer said that the Ministry of Commerce and Industry of India and India “ended the terms of reference to establish a road map for reciprocal trade negotiations.”
He added: “There is a serious lack of reciprocity in the commercial relationship with India,” but said “the constructive commitment of India has welcomed Bone and I hope to create new opportunities for workers, farmers and businessmen in both countries.”
In February, Modi and Trump had agreed more than the double bilateral trade between New Delhi and Washington to $ 500 billion by 2030.
The total trade of US goods with India is estimated at $ 129 billion in 2024, Childhood to the Office of the United States Commercial Representative. The surplus of India with the United States reached $ 45.7 billion last year.