The strategic relationship between India and the US is truly a “partnership of trust ” and the friendship will continue to be a “force of good” for global peace and stability, Prime Minister Narendra Modi said during a bilateral meeting with US President Joe Biden.
“Our shared values, and our common interests in many areas, including security, have strengthened the bonds of this trust. Our people to people relations and close economic relations also make our partnership unique,” Modi said.
Trade and Investment ties:
The PM said the trade and investment ties between the two sides are also expanding continuously, although it is still well below the potential.
“I am sure that the India – USA investment agreement between us will see concrete progress in the direction of investment. We are increasing our bilateral cooperation in the field of technology and also strengthening mutual coordination on global issues” Modi said.
Quad and IPEF:
“Quad and IPEF (Indo Pacific Economic Framework for Prosperity) announced yesterday are active examples of this.Today our discussion will give more momentum to this positive momentum,” he said.
“I am confident that the friendship of India and America will continue to be a force for good for global peace and stability, for the sustained ability of the planet, and for the well being of mankind,” Modi said.
Both leaders shared their views on a wide range of issues and discussed ways to deepen the India – USA friendship the Prime Ministers office said.
In line with Washington’s long team vision for the region, Biden on Monday launched the ambitious Indo Pacific Economic Framework and Prosperity (IPEF) which is an initiative aimed at deeper cooperation among like minded countries in areas like clean energy, supply chain resilience and digital trade.
India was among a dozen,” Initial partners ” that signed up in Tokyo for the Indo Pacific Economic Framework for Prosperity (IPEF), a fresh economic arrangement proposed by US President Joe Biden to counter China’s growing influence in the region through integrated resilient and clean economics.
I am confident that this Framework will help strengthen the way for development, peace and prosperity in the Indo Pacific Region,” said Modi.
Conclusion:
The two leaders discussed ways to strengthen cooperation in Trade, investment, technology, defence, people to people ties between the countries and concluded with substantive outcomes adding depth and momentum to the bilateral partnership.
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