India-US trade deal may be finalized on January 13. US Ambassador Sergio Gore gave this information in New Delhi on Monday. Gore said that Prime Minister Modi and President Trump are true friends. He said that there may be disagreements between true friends, but there is no enmity between them. Any issue between the two will be resolved soon. Earlier, a proposal to impose 500 percent tariff on India was passed in the US Congress, after which the US made a sharp comment about the deal, to which the Indian Foreign Ministry responded.
US Ambassador to India Sergio Gore, taking charge in New Delhi on Monday, said India-US relations are based on true friendship. He also indicated that trade talks between the two countries are ongoing. Gore said that true friends may sometimes disagree, but they resolve their differences. He said the next round of talks is expected to take place on January 13. Gore also made it clear that despite disagreements on issues such as tariffs and market access, the two countries are in constant touch. Gore’s statement has raised hopes that the long pending deal between India and America can be finalized.
mention of pax silicon
“I am pleased to announce that next month India will be invited to join PAX Silicon as a full member,” the US Ambassador said. He further explained, “I want to inform you all today about a new initiative called Pax Silicon, which the US launched last month. Pax Silicon is a US-led strategic initiative that aims to create a secure, robust, and innovation-based silicon supply chain ranging from critical minerals and energy sources to advanced manufacturing, semiconductors, Artificial Intelligence (AI) and logistics.”
Gore further said that the initiative aims to enhance cooperation between partner countries across the entire silicon value chain, from raw materials to advanced technology and logistics. He said the countries that joined last month included Japan, South Korea, the United Kingdom and Israel, and said India’s joining would further strengthen the grouping. According to the ambassador, Paxilica has already partnered with Australia, Japan, South Korea, the United Kingdom, Singapore and Israel. Formal announcement in Washington D.C. At the Paxilica summit in
rapid improvement in the market
A sharp decline was seen in the stock market for six consecutive days. On Monday, the equity market had fallen by about 700 points. However, as soon as the US Ambassador gave a positive statement regarding the trade deal, the market recovered 700 points in no time. At the time of writing, the benchmark index Sensex was trading at 83,638.45 with a gain of about 63 points.