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Def. trade deals to ease tariff sting
The New Indian Express Kochi
|February 15, 2025
10-year defence partnership framework, $500-billion mega trade deal in the works; India to get F-35 fighter jets from US
INDIA and the US on Friday decided to bolster their ties through a mega trade deal that will see bilateral trade hit an unprecedented $500 billion in five years and a new defence framework that will rekindle cooperation across space, air defence, missile, maritime, and undersea technologies.
Notably, India will get the coveted F-35 fighter jets from the US, which is keen to expand defence sales and co-production with India. New Delhi will also consider importing oil and gas from the US to narrow the trade deficit to a large extent.
At a joint press meet after talks with US President Donald Trump, Prime Minister Narendra Modi said India and the US can have a MEGA partnership for prosperity by aligning Trump's MAGA (Make America Great Again) with his own MIGA (Make India Great Again).
Reflecting the tone and substance of their nearly four-hour meeting, which included formal talks, dinner, and a press conference, the joint statement mentioned "cooperation" 18 times, "collaboration" 11 times, and "trade" 16 times.
This story is from the February 15, 2025 edition of The New Indian Express Kochi.
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