PM Modi and JD Vance hail significant progress in trade talks; PM says ready to host Trump this year

New Delhi: PM Narendra Modi and US vice president JD Vance welcomed significant progress in the ongoing negotiations for a mutually beneficial Bilateral Trade Deal focused on the welfare of the people of the 2 countries as the PM hosted Vance second lady Usha Vance and their children who are on a 4-day visit to India.

According to the US they formally announced the finalisation of the terms of reference for the negotiations, laying down a roadmap for further discussions about shared economic priorities.

Both sides backed an early conclusion of the agreement which will allow India to stave off the threat from the Trump administration reciprocal tariffs as Vance underscored the US pursuit of a fair and balanced trade relationship with India.

The BTA presents an opportunity to negotiate a new and modern trade agreement focused on promoting job creation and citizen well-being in both countries with the goal of enhancing bilateral trade and supply chain integration in a balanced and mutually beneficial manner Guided by their respective visions of Amrit Kaal for India and golden age for America BTA is expected to create new opportunities of growth for workers farmers and entrepreneurs in both countries said an American readout of the meeting.

There was also talk about the quad summit that India will host later this year and PM Modi said he was looking forward to hosting Trump for the meeting However while the US readout recalled the positive and successful meeting between PM Modi and Trump in February it was silent on the proposed Trump visit to India.

Vance and family accompanied by senior US officials landed in Delhi on Monday morning and were received at the airport by union minister Ashwini Vaishnaw.