Context:
India is open to reviving talks on a limited trade deal with the US during Prime Minister Narendra Modi’s visit to Washington. The government official said that India is open to a mini trade deal if the US is also willing.
Prime Minister’s Visit to Washington
- Modi to visit on February 12, 2025
- First meeting between President Donald Trump and PM Modi since January 2020.
- Agenda for the visit
- Finalization still on, talks would be centered around further strengthening bilateral ties.
Important Discussions on Key Trade Proposals
- Prior to the visit, the key government departments of commerce, industry, and external affairs have gone into an intense discussion on key trade related proposals.
- The aim is to enhance the economic collaboration between India and the United States.
Global Trade Context
- The visit coincides with renewed trade tensions between the US and China.
- Furthermore, it is also accompanied by the growing possibility of tariffs disputes with immediate neighbors, including Mexico and Canada, of the US, hence, complexities in the overall global trade climate.
