Trade to security: Five key pacts may be inked during Prez Trump visit
Officials say focus will be to strengthen strategic partnership and ramp up cooperation in counterterrorism, defence
NEW DELHI: India and the US are discussing at least five MoUs (memoranda of understanding) on issues ranging from trade facilitation to homeland security that are expected to be finalised during President Donald Trump’s visit to the country next week alongside some defence deals.
Despite their inability to finalise a limited trade package before the stand-alone visit during February 24-25, the two sides are looking at the trip to strengthen the bilateral strategic partnership and ramp up cooperation in counter-terrorism, defence, security, trade and energy.
External affairs ministry spokesperson Raveesh Kumar told a news briefing that the two sides are discussing at least five MoUs on matters such as intellectual property, trade facilitation and homeland security. Declining to give details, he said some announcements are also expected on defence deals.
The two sides are expected to ink a $2.6-billion deal for 24 MH-60R Seahawk helicopters for the Indian Navy and a smaller follow-on deal for six Apache helicopters, people familiar with developments said.
They have made progress in consultations on a $1.8-billion deal for the National Advanced Surface-to-Air Missile System to protect the national capital though it wasn’t clear if the sale would be cleared during Trump’s visit, added the people who declined to be identified.
Indian officials have said the inability to finalise a limited trade package in time for the visit hasn’t dampened enthusiasm to take forward the strategic partnership in diverse areas and to forge a free trade agreement (FTA) at some point in the future.
India hopes to reach an “understanding with an outcome that strikes the right balance for both sides,” Kumar said.
“We do not want to rush into a deal as the issues involved are complicated, with many decisions potentially having real impact on the lives of millions of people and long-term economic consequences,” he said.
Responding to Trump’s remarks that India hasn’t treated the US well in trade, Kumar said trade had grown at more than 10% per annum for the past two years and the deficit had declined. “Our trade will become more balanced with increasing imports of US oil and gas, and purchase of civilian aircraft over the next few years,” he added.
He noted the “unprecedented” support provided to India by the US after the 2019 Pulwama terror attack by Pakistan-based Jaish-eMohammed and American help in the UN designation of terrorists operating out of Pakistan, and said India expects this cooperation to be further strengthened during Trump’s visit.
The visit will also allow the two sides to exchange views on regional issues such as the situation in Afghanistan and the IndoPacific.
THE VISIT WILL ALSO ALLOW THE TWO SIDES TO EXCHANGE VIEWS ON REGIONAL ISSUES SUCH AS THE SITUATION IN AFGHANISTAN AND THE INDO-PACIFIC