Nifty99000 100%

Sensex99000 100%

Article rating: 4.3
Article rating: 4.1
Article rating: 4.3
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: 4.0
Article rating: No rating
Article rating: 3.0
RSS

News

Modi, Donald Trump discuss trade deficit over phone

Author: PTI/Wednesday, January 9, 2019/Categories: Government

Modi, Donald Trump discuss trade deficit over phone

New Delhi/Washington - Prime Minister Narendra Modi and US President Donald Trump held a telephonic conversation during which they discussed the contentious issue of the US' trade deficit with India and ways to enhance cooperation in areas of defence and counter-terrorism.

During the conversation on Monday evening, the two leaders exchanged new year greetings and expressed satisfaction at the continued growth of the India-US strategic partnership in 2018.

They also appreciated developments such as the launch of the new 2+2 dialogue mechanism and the first ever trilateral summit of India, US and Japan, a statement from the prime minister's office in New Delhi said.

The two nations held the first edition of the 2+2 dialogue in New Delhi in September.

The two leaders also took positive note of the growing bilateral cooperation in defence, counter-terrorism and energy, besides the co-ordination on regional and global issues, it said.

"The leaders agreed to strengthen the US-India strategic partnership in 2019 and exchanged perspectives on how to reduce the US trade deficit with India," the White House said in a readout of the call.

According to the Office of the United States Trade Representative, the US' goods and services trade with India totalled an estimated USD 126.2 billion in 2017. Exports were USD 49.4 billion; imports were USD 76.7 billion. The US goods and services trade deficit with India was USD 27.3 billion in 2017.

They also agreed to expand security and prosperity in the Indo-Pacific, and increase cooperation in Afghanistan, according to the White House.

India has been actively involved in the reconstruction efforts in war-ravaged Afghanistan. It has committed about USD 3 billion in assistance to Afghanistan since US-led forces toppled the Taliban regime after the September 11, 2001 attacks.

This was the first phone call between the two leaders after the tri-lateral summit meeting they had with the Japanese Prime Minister Shinzo Abe in Buenos Aires in November on the sidelines of the G-20 Summit in Argentina.

Print Rate this article:
No rating

Number of views (58)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free