Commerce and Industry Minister Piyush Goyal has said that the India-US trade agreement opens up unprecedented opportunities for the world through ‘Make in India’ for farmers, small and medium enterprises, entrepreneurs and skilled workers and is a historic turning point that will reshape India-US relations.
In a post on X, Goyal also said that the trade agreement will help India acquire technology from the United States and accelerate India’s journey towards Developed India 2047.
He praised Prime Minister Narendra Modi and US President Donald Trump for the trade agreement. He said, “Congratulations to Prime Minister Narendra Modi ji and President Donald Trump as well as the people of India and the United States on this historic trade agreement. It reflects the power of two like-minded, fair-trading democracies working together for our shared prosperity.”
He further said, “I am grateful to Prime Minister Narendra Modi ji and President Donald Trump for their visionary and decisive leadership and their strong commitment to strengthen India-US relations.” He said that India and the US are natural allies and mutual partnership will lead to co-creation of technologies.
“This unlocks the power of two great democracies to work together for the shared prosperity of their people. India and the US are natural allies and our partnership will co-create technologies, co-develop solutions and work together for peace, development and a bright future for India and the US,” he said.
He further said, “This agreement opens up unprecedented opportunities for farmers, small and medium enterprises, entrepreneurs and skilled workers to ‘Make in India for the World’, ‘Design in India for the World’ and ‘Innovate in India for the World’. This will help India acquire technology from the US. This is not just a trade agreement, but a watershed moment that will reshape India-US relations and accelerate our journey to a developed India by 2047. EU by India This trade agreement with the United States comes within a week of signing a historic trade agreement with the United States.
Prime Minister Modi on Monday said it was great to talk to his “dear friend President Trump” today and expressed happiness that the tariff on Made in India products will now be reduced to 18%.
Prime Minister Modi said in a post on
The Prime Minister said that when two major economies and the world’s largest democracies work together, it benefits our people and opens up immense opportunities for mutually beneficial cooperation. Prime Minister Modi said, “President Trump’s leadership is extremely important for global peace, stability and prosperity. India fully supports his efforts for peace. I look forward to working closely with him to take our partnership to unprecedented heights.”
India and the European Union (EU) on January 27 announced the conclusion of negotiations for a Free Trade Agreement (FTA), marking a significant milestone in one of India’s most strategic economic partnerships. The Ministry of Commerce and Industry, in a release, had said the Free Trade Agreement addresses contemporary global challenges, as well as enables deeper market integration between the world’s fourth and second largest economies.
The release said, “With a combined market of over Rs 2091.6 lakh crore (US$ 24 trillion), this Free Trade Agreement brings unprecedented opportunities for the 2 billion people of India and the EU, opening up immense potential for trade and innovation. This Free Trade Agreement provides unprecedented market access for more than 99 per cent of India’s exports by trade value, while maintaining policy space for sensitive sectors and strengthening India’s developmental priorities.” Does.”
President Trump on Monday said he and Prime Minister Modi have agreed to a trade deal between the United States and India under which the United States will reduce reciprocal tariffs, reducing it from 25% to 18%. In a post on his social media handle Truth Social, Trump referred to his conversation with Prime Minister Narendra Modi earlier in the day.
In a post on his social media handle Truth Social, Trump recounted his conversation with Prime Minister Narendra Modi earlier in the day. Trump said that Prime Minister Modi is one of his best friends and a powerful and respected leader of his country. Trump also said that PM Modi and he are two people who get things done. He claimed that the Prime Minister had agreed to stop buying Russian oil and buy far more oil from the United States.
He further said, “They have agreed to stop buying Russian oil and buy more oil from the US and possibly Venezuela. This will help end the ongoing war in Ukraine, which is killing thousands of people every week! As a mark of friendship and respect for Prime Minister Modi and at his request, with immediate effect, we have agreed to a trade agreement between the US and India, under which the US will reduce the reciprocal tariff from 25% to 18%.”
Trump said India will reduce the tariff and non-tariff barriers imposed against the US. “They will also move towards reducing their tariff and non-tariff barriers against the US to zero. The Prime Minister has also committed to “Buy American”, in addition to US energy, technology, agriculture, coal and many other products worth more than $500 billion. Our wonderful relationship with India will be even stronger in the future. Prime Minister Modi and I There are people who get things done, which can’t be said about most people. Thank you for bringing attention to this issue!”.
US Ambassador to India Sergio Gore had earlier said that President Trump had spoken to Prime Minister Modi on Monday. “President Trump has just spoken to Prime Minister Modi. Stay tuned…”, Sergio Gore said in a post on X.