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India-USA ink three MoUs; optimistic about 'big' trade deal

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Published : Feb 25, 2020, 7:38 AM IST

Updated : Feb 25, 2020, 11:29 PM IST

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17:00 February 25

The two leaders indicated that a 'big trade deal' was on the cards

The two leaders indicated that a 'big trade deal' was on the cards

PM Modi stresses on 'people to people ties', Trump happy with jump in trade

Along expected lines, Prime Minister Narendra Modi in the joint press statement, stressed that the India-USA bilateral relationship has transformed due to the 'people to people' ties.

US President Donald Trump was also seemingly happy with India buying more oil and gas, and also partnering with his nation in the field of defence.

While the two nations inked three MoUs, the two leaders also indicated that the nations will work towards a 'big' trade deal.

14:11 February 25

Optimistic we can reach a deal of importance: Trump

"Our teams have made tremendous progress for a comprehensive trade agreement and I'm optimistic we can reach a deal of great importance to both countries. Since I took office, US exports to India are up nearly 60 per cent and exports of high quality American energy have grown by 500 per cent," Trump said.

14:05 February 25

US working positively with Pakistan to deal with terror: Trump

"In our discussions, PM Modi and I affirmed our two countries' commitment to protecting our citizens from radical Islamic terrorism. In this effort the US is also working productively with Pakistan to confront terrorists who operate on its soil," Trump said.

14:00 February 25

India, US finalised $3 bn defence deals: Trump  

Trump announced that the two countries have finalised defence deals worth USD 3 billion and asserted that their focus was on having a comprehensive trade deal.

"Earlier today we expanded our defence cooperation with agreements for India to purchase more than US$ 3 Bn of advanced American military equipment, including Apache & MH-60 Romeo Helicopters - finest in the world. These will enhance our joint defence capabilities," he said.

13:50 February 25

India, US to open negotiations on big trade deal: PM Modi

Prime Minister Modi said that India and USA were committed to openness, fair, and balanced trade.

"Our commerce ministers have had positive talks on trade. Both of us have decided that our teams should give legal shape to these trade talks. We also agreed to open negotiations on a big trade deal," he added.

13:44 February 25

India, USA will step up efforts towards countering terror: PM Modi

"We (India and USA) have resolved to step up efforts to make those who support terrorism accountable," Modi said.

"We agreed on new mechanism to contain drug trafficking," he added.

13:35 February 25

Decided to take Indo-US ties to comprehensive global partnership level: PM Modi

Addressing the India-USA joint presser, Prime Minister Narendra Modi said, "Today we discussed every important aspect of US-India partnership, be it defence and security, energy strategic partnership, trade or people to people ties. The strengthening in defence ties between India and US is an important aspect of our partnership."

"We have decided to take Indo-US ties to comprehensive global partnership level," he added.

13:31 February 25

India, USA ink 3 MoUs

The MEA informed that India and USA have inked three MoUs, including one in the energy sector.

  1. MoU on mental health.
  2. MoU on safety of medical products.
  3. Letter of cooperation between Indian Oil Corporation and Exxon.

12:43 February 25

Trump busy these days, still took out time for visit: Modi

Prime Minister Narendra Modi and US President Donald Trump, who held bilateral talks at the Hyderabad House, addressed a brief press conference ahead of the joint statement.

"I welcome you (Donald Trump) and the US delegation to India. I know that you are busy these days, still, you took out time for the visit to India. I am grateful to you for this," said PM Modi.  

Great honour for me: Trump

"The last two days, especially yesterday at the stadium, it was a great honour for me. People were there maybe more for you (PM Modi) than for me. 125 thousand people were inside. Every time I mentioned you, they cheered more. People love you here," Trump said.

12:23 February 25

India-USA expected to ink 5 MoUs

Prime Minister Narendra Modi and US President Donald Trump are holding extensive talks covering the entire spectrum of bilateral ties, including the key areas of defence, security, and trade and investment.

India and USA are expected to ink as many as five MoUs, including on trade facilitation, intellectual property rights, and even a homeland security pact.  

During their talks at the Hyderabad House here, the two leaders are also expected to deliberate on regional issues, including the US' proposed peace deal with the Taliban, the situation in the Indo-Pacific, the threat of terrorism and the situation in the Gulf region.

In his address at the massive "Namaste Trump" event at Motera stadium in Ahmedabad, the US president announced that deals to sell state-of-the-art military helicopters and other equipment worth over USD 3 billion will be sealed between the two countries on Tuesday.

The deals will include procurement of 24 MH-60 Romeo helicopters by India from the US at a cost of USD 2.6 billion. Another contract to acquire six AH-64E Apache helicopters for USD 800 million from the US is also on the table.

12:07 February 25

Hyderabad House Visitor's Book

Trump signs Hyderabad House visitor's book

US President Donald Trump signed the visitor's book at Hyderabad House in New Delhi.

11:26 February 25

Americans stand strongly with sovereign India: Trump's message in Raj Ghat visitor's book

"The American people stand strongly with a sovereign and wonderful India - The vision of the great Mahatma Gandhi. This is a tremendous honor!" US President Donald Trump wrote in the visitor's book at Raj Ghat.

11:11 February 25

Trumps reach Hyderabad House

US President Donald Trump and First Lady Melania Trump have reached the Hyderabad House, where the former will hold talks with Prime Minister Narendra Modi. The two leaders are scheduled to issue a joint statement at 12:40 pm after completion of talks.

11:04 February 25

Trumps sign Raj Ghat visitor's book, plant sapling

US President Donald Trump and First Lady Melania Trump signed the visitors' book at Raj Ghat, and the couple also planted a sapling at the memorial. Union minister Hardeep Puri accompanied the Trumps to Raj Ghat and presented them a bust of Mahatma Gandhi.

10:42 February 25

Trumps pay homage to Gandhiji at Raj Ghat

US President Donald Trump and First Lady Melania Trump paid homage to Mahatma Gandhi at the memorial of India's Father of the Nation at Raj Ghat. The US president and the first lady laid a wreath and paid floral tributes at Raj Ghat.

10:36 February 25

PM Modi reaches Hyderabad House

Prime Minister Narendra Modi has arived at Hyderabad House, where US President Donald Trump will meet him after paying respects to Mahatma Gandhi at Raj Ghat.

10:29 February 25

Trumps leave for Raj Ghat

After being accorded the ceremonial reception at Rashtrapati Bhavan, the Trumps have left for Raj Ghat, where they will pay homage to Mahatma Gandhi.

10:25 February 25

Trump accorded ceremonial reception at Rashtrapati Bhavan

US President Donald Trump was accorded a ceremonial welcome at Rashtrapati Bhavan. President Ram Nath Kovind and Prime Minister Narendra Modi  welcomed Trump and First Lady Melania Trump at the Rashtrapati Bhavan. The US president was then accorded a tri-services guard of honour at the forecourt of the Rashtrapati Bhavan. Trump's daughter Ivanka, son-in-law Jared Kushner and several top officials of the US administration were also present at the ceremony.

10:12 February 25

Trumps received

Prez, PM receive Trumps

President Ram Nath Kovind, First Lady of India Savita Kovind and Prime Minister Narendra Modi receive US President Donald Trump and US First Lady Melania Trump at Rashtrapati Bhavan.

09:58 February 25

President Kovind, PM Modi arrive at Rashtrapati Bhavan

President Ram Nath Kovind and Prime Minister Narendra Modi arrived at the Rastrapati Bhavan, where US President Donald Trump and First Lady Melania Trump will receive a ceremonial reception.

09:49 February 25

Ivanka arrives at Rashtrapati Bhavan

US President Donald Trump's daughter and senior advisor Ivanka Trump arrives at Rashtrapati Bhavan ahead of the ceremonial reception of the US President.

09:41 February 25

Trumps to get ceremonial reception at Rashtrapati Bhavan

US President Donald Trump and First Lady Melania Trump would be accorded a ceremonial welcome at the forecourt of the Rashtrapati Bhavan. From there, they would go to Rajghat to pay homage at the 'samadhi' of Mahatma Gandhi. It would be followed by restricted and delegation-level talks between Trump and Modi at Hyderabad House.

07:17 February 25

India-USA ink three MoUs; optimistic about 'big' trade deal

New Delhi: US President Donald Trump and Prime Minister Narendra Modi will aim to expand India-US global partnership in their extensive talks on Tuesday, a day after both lavished praise on each other and vowed to script a better future for people of the two democracies.

In an address at a massive 'Namaste Trump' rally at Motera stadium in Ahmedabad, the US president announced that deals to sell state-of-the-art military helicopters and other equipment worth over USD 3 billion will be sealed on Tuesday.

Trump, accompanied by his wife Melania, daughter Ivanka, son-in-law Jared Kushner and top brass of his administration, arrived in Ahmedabad around noon on Monday for a nearly 36-hour-long maiden visit to India.

The US president was feted at the world's largest cricket stadium in the Namaste Trump event and was cheered by tens of thousands of people as Prime Minister Narendra Modi invited him to address them.

"We love you. We love you, India, very much," Trump said finishing his 27-minute speech in which he heaped praise on Modi and spoke highly about India's achievements in diverse areas.

Talking about defence and strategic ties between the two countries, Trump said the US is looking forward to providing India with some of the best and most feared military equipment on the planet.

"We make the greatest weapons ever made: airplanes, missiles, rockets, ships. We make the best. And we're dealing now with India. But this includes advanced air defence systems and armed and unarmed aerial vehicles," Trump said.

The deals mentioned by Trump will include procurement of 24 MH-60 Romeo helicopters by India from the US at a cost of USD 2.6 billion. Another contract to acquire six AH-64E Apache helicopters for USD 800 million from the US is also on the table.

Read:| Trump praises B'wood, mentions DDLJ, Sholay in his speech

"I am pleased to announce that tomorrow our representatives will sign deals to sell over USD 3 billion in the absolute finest, state-of-the-art military helicopters and other equipment to the Indian armed forces," Trump said.

Tuesday's talks between Modi and Trump are likely to send across a clear message of growing congruence of interests between India and the US on major geopolitical developments in the region and beyond, particularly when China has been expanding its military and economic clout.

However, the talks between the two leaders are unlikely to produce tangible outcome in resolving thorny issues like trade tariffs.

In their talks, Trump and Prime Minister Narendra Modi are likely to focus on a wide variety of bilateral and regional issues including trade and investment, defence and security, counter-terrorism, H1B, energy security, religious freedom, proposed peace deal with Taliban in Afghanistan and situation in the Indo-Pacific, according to Indian and US officials.

On Thursday, External Affairs Ministry Spokesperson Raveesh Kumar said around five pacts providing for cooperation in areas of intellectual property rights, trade facilitation and homeland security are expected to be finalised during Trump's visit.

About economic ties, Trump said, "Over the course of my visit, Prime Minister Modi and I will also discuss our efforts to expand the economic ties between our two countries."

"We will be making very, very major -- among the biggest ever made -- trade deals. We are in the early stages of discussion for an incredible trade agreement to reduce barriers of investment between the United States and India.

"I am optimistic that, working together, the Prime Minister and I can reach a fantastic deal that's good and even great for both of our countries," said Trump at the event in Motera stadium.

Last week, Kumar said India does not want to create "artificial deadlines". The US has been seeking greater access to India's huge poultry and dairy markets. However, India has some reservations over it.

In his address, Trump said Modi is a tremendously successful leader of the vast Indian Republic.

"Last year, more than 600 million people went to the polls and gave him a landslide victory like no other in the largest democratic election ever held anywhere on the face of the Earth," said Trump.

In his speech, Modi also complimented Trump.

From Ahmedabad, the US president travelled to Agra to have a glimpse of the iconic Taj Mahal. The Trump family spent about an hour at the Taj Mahal before sunset. They arrived in Delhi from Agra at around 7:30 PM.

On the morning of February 25, Trump and the First Lady would be accorded a ceremonial welcome at the forecourt of the Rashtrapati Bhavan.

From there, they would go to Rajghat to pay homage at the 'samadhi' of Mahatma Gandhi.

It would be followed by restricted and delegation-level talks between Trump and Modi at Hyderabad House.

Prime Minister Modi would host a lunch for the US president following the talks.

In the afternoon, Trump is expected to attend certain private events at the US Embassy, including a roundtable with industry representatives.

In the evening, the US president will meet President Ram Nath Kovind at the Rashtrapati Bhavan.

A banquet will be hosted by Kovind. President Trump would depart from India later on Tuesday evening.

Inputs from PTI

Read:| Trump announces mega $3 billion defence deal with India

Last Updated :Feb 25, 2020, 11:29 PM IST
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