A landmark trade agreement between India and the United States promises significant economic benefits. Union Finance Minister Nirmala Sitharaman hailed the deal, which will reduce tariffs on Made in India products to 18 percent. She thanked the leadership of Prime Minister Narendra Modi and US President Donald Trump for this development.
Sitharaman emphasized that the people of two large democracies stand to gain. The deal marks a positive shift in bilateral trade relations. It is expected to boost exports and strengthen economic ties.
Union Minister Ashwini Vaishnaw also welcomed the agreement on social media. He described the US and India as natural allies with complementary strengths. Together, they possess huge potential to work for global peace and development.
Vaishnaw noted that both countries can co-create technologies and co-develop solutions. This collaboration will benefit not just their citizens but the entire world. The trade deal is seen as a win-win for both nations.
He added that citizens and industries of both countries will benefit greatly. The agreement paves the way for a brighter shared future. It underscores the strategic partnership between the two democracies.
President Trump revealed the deal followed a phone call with Prime Minister Modi. The agreement cuts US tariffs on Indian goods to the new rate. It also involves India easing trade barriers on US products.
Trump stated India would stop purchasing Russian oil under the deal. Instead, it will increase purchases of US energy, technology, and agricultural products. This move aims to reshape trade flows and strengthen bilateral ties.
The US President said the agreement would support efforts to end the war in Ukraine. It represents a strategic alignment on global issues. Strengthening ties between the two countries is a core objective.
Prime Minister Modi expressed delight on social media. He called it wonderful that Made in India products will face the reduced tariff. Modi extended big thanks to President Trump on behalf of India’s 1.4 billion people.
He highlighted the power of two large economies and the world’s largest democracies working together. Such cooperation benefits their people immensely. It unlocks unprecedented opportunities for mutually beneficial partnership.
Modi hailed President Trump’s leadership in advocating for global peace, stability, and prosperity. He stated that India fully supports these efforts for peace. The Prime Minister looks forward to working closely with Trump.
Their goal is to take the India-US partnership to unprecedented heights. This deal is a foundational step in that direction. The focus is on building a stronger, more collaborative future.
The agreement is a significant update in international trade. It reflects a mutual desire to deepen economic engagement. The reduced tariff on Made in India goods is a central pillar of this new chapter.
Industries in both nations are poised to gain from increased market access. This deal could serve as a model for future international agreements. The emphasis remains on shared prosperity and strategic alignment.