Modi-Trump Talks: There was a phone conversation between Prime Minister Narendra Modi and US President Trump on Thursday, in which India-US strategic partnership and trade, energy, defense and technological cooperation were discussed.
PM Modi Donald Trump Phone Call: Prime Minister Narendra Modi spoke to US President Donald Trump on phone on Thursday. The two leaders reviewed the India-US Comprehensive Global Strategic Partnership and discussed ways to advance bilateral cooperation. In the talks, special emphasis was laid on giving new momentum to trade, defense and strategic relations.
Purpose of Modi-Trump conversation
During this conversation, both the leaders agreed on the need to maintain the momentum in bilateral trade and strengthen the partnership. PM Modi wrote in his social media post, ‘Had a very cordial and meaningful conversation with President Trump. We reviewed the progress made in our bilateral relations and discussed regional and international developments. He said that India and America will work together for global peace, stability and prosperity.
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INDIA-US COMPACT AND TECHNICAL COOPERATION
In this conversation, both the global leaders also discussed increasing cooperation in defence, energy and critical technologies under COMPACT (Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology). Both sides shared views on regional and global issues and agreed to maintain frequent contacts to advance the partnership.
Why is Modi-Trump conversation important?
Recently, some tension was seen in the relations between India and America. Bilateral relations suffered some deterioration in July after 25% tariffs and an additional 25% penalty on Russian oil purchases were imposed. India described it as unjust and illogical as China is the largest buyer of Russian oil and the European Union is the largest buyer of LNG. The phone call came days after Vladimir Putin’s recent visit to India, highlighting the close India-Russia ties.
India-US trade agreements
Currently the US team is holding bilateral trade talks in Delhi. Commerce Minister Piyush Goyal said talks were going on at a good pace, but no deadline had been set. Goyal said, ‘We had a very good and meaningful discussion. But an agreement will be reached only when both parties benefit. Compromising with deadlines can lead to mistakes. US Trade Representative Jameson Greer said that America has seen the best offer from India so far. On this, Goyal said that if this proposal is the best then the US administration should immediately accept it.