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Def, trade deals to ease tariff sting
The Morning Standard
|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.
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