The Fort Worth Press - US VP Vance says 'progress' in India trade talks

USD -
AED 3.673018
AFN 71.499636
ALL 87.061306
AMD 390.195672
ANG 1.80229
AOA 916.000034
ARS 1172.693095
AUD 1.55989
AWG 1.8025
AZN 1.699718
BAM 1.726572
BBD 2.025239
BDT 121.869938
BGN 1.728501
BHD 0.376935
BIF 2936
BMD 1
BND 1.310499
BOB 6.930829
BRL 5.715397
BSD 1.003041
BTN 84.76692
BWP 13.730882
BYN 3.282528
BYR 19600
BZD 2.014822
CAD 1.381835
CDF 2872.999859
CHF 0.827555
CLF 0.024698
CLP 947.759778
CNY 7.27135
CNH 7.25139
COP 4198.84
CRC 506.631944
CUC 1
CUP 26.5
CVE 97.341461
CZK 22.008496
DJF 177.720152
DKK 6.59382
DOP 59.032023
DZD 132.575928
EGP 50.791505
ERN 15
ETB 134.606849
EUR 0.88355
FJD 2.261504
FKP 0.749663
GBP 0.750985
GEL 2.744983
GGP 0.749663
GHS 14.293344
GIP 0.749663
GMD 71.497754
GNF 8687.515173
GTQ 7.724462
GYD 210.484964
HKD 7.75554
HNL 26.029114
HRK 6.662994
HTG 131.035244
HUF 357.020237
IDR 16452
ILS 3.62333
IMP 0.749663
INR 83.90985
IQD 1313.73847
IRR 42112.500395
ISK 128.749985
JEP 0.749663
JMD 158.78775
JOD 0.709204
JPY 145.184503
KES 129.349821
KGS 87.450048
KHR 4014.741906
KMF 434.501068
KPW 900.011381
KRW 1417.504978
KWD 0.30682
KYD 0.835783
KZT 514.647601
LAK 21686.066272
LBP 89872.479044
LKR 300.259103
LRD 200.606481
LSL 18.677031
LTL 2.95274
LVL 0.60489
LYD 5.475147
MAD 9.294287
MDL 17.217315
MGA 4453.70399
MKD 54.374964
MMK 2099.538189
MNT 3574.392419
MOP 8.012798
MRU 39.770298
MUR 45.520205
MVR 15.41012
MWK 1739.283964
MXN 19.56976
MYR 4.292504
MZN 63.999636
NAD 18.673816
NGN 1606.250077
NIO 36.90936
NOK 10.38069
NPR 135.627425
NZD 1.685857
OMR 0.384986
PAB 1.003032
PEN 3.677638
PGK 4.095253
PHP 55.593996
PKR 281.827034
PLN 3.78065
PYG 8033.511218
QAR 3.655833
RON 4.399198
RSD 103.446754
RUB 81.873197
RWF 1440.892679
SAR 3.750182
SBD 8.361298
SCR 14.652296
SDG 600.500744
SEK 9.70545
SGD 1.305403
SHP 0.785843
SLE 22.790523
SLL 20969.483762
SOS 573.196677
SRD 36.847032
STD 20697.981008
SVC 8.775321
SYP 13002.38052
SZL 18.660534
THB 33.143027
TJS 10.571919
TMT 3.5
TND 2.978994
TOP 2.342104
TRY 38.56613
TTD 6.792886
TWD 31.267501
TZS 2697.581986
UAH 41.609923
UGX 3674.195442
UYU 42.206459
UZS 12970.563573
VES 86.73797
VND 26005
VUV 120.584578
WST 2.773259
XAF 579.073422
XAG 0.030705
XAU 0.000307
XCD 2.702551
XDR 0.723012
XOF 579.08109
XPF 105.265016
YER 244.949563
ZAR 18.452455
ZMK 9001.191688
ZMW 27.90983
ZWL 321.999592
  • RBGPF

    67.2100

    67.21

    +100%

  • RIO

    -0.8500

    58.55

    -1.45%

  • RYCEF

    -0.1000

    10.12

    -0.99%

  • VOD

    -0.0300

    9.73

    -0.31%

  • GSK

    -1.1000

    38.75

    -2.84%

  • SCS

    -0.0500

    9.87

    -0.51%

  • BCC

    -0.5700

    92.71

    -0.61%

  • CMSC

    0.0200

    22.03

    +0.09%

  • BTI

    -0.2500

    43.3

    -0.58%

  • NGG

    -1.3500

    71.65

    -1.88%

  • RELX

    -0.5500

    54.08

    -1.02%

  • BCE

    -0.8100

    21.44

    -3.78%

  • JRI

    0.1000

    13.01

    +0.77%

  • AZN

    -1.2800

    70.51

    -1.82%

  • CMSD

    -0.0400

    22.26

    -0.18%

  • BP

    0.4200

    27.88

    +1.51%

US VP Vance says 'progress' in India trade talks
US VP Vance says 'progress' in India trade talks / Photo: © POOL/AFP

US VP Vance says 'progress' in India trade talks

US Vice President JD Vance said Tuesday that "good progress" had been made towards a trade deal with India after meeting with "tough negotiator" Prime Minister Narendra Modi in New Delhi.

Text size:

Washington and New Delhi are negotiating the first tranche of a trade deal, which India hopes will allow it to secure relief within the 90-day pause on steep tariffs announced by US President Donald Trump this month.

"Prime Minister Modi is a tough negotiator, he drives a hard bargain," Vance said in a speech in the city of Jaipur, where he is visiting as part of a four-day tour of India. "It's one of the reasons why we respect him."

Vance, who met with Modi on Monday evening, sketched out a win-win partnership saying the two nations had "much to offer one another", urging New Delhi to buy more US military equipment and boost energy ties.

"We don't blame Prime Minister Modi for fighting for India's industry, but we do blame American leaders of the past for failing to do the same for our workers", Vance added.

"We believe that we can fix that to the mutual benefit of both the United States and India."

Trump wants "America to grow" and "he wants India to grow", Vance said.

"Both of our governments are hard at work on a trade agreement built on shared priorities by creating new jobs, building durable supply chains and achieving prosperity for our workers," he said. "In our meeting yesterday Prime Minister Modi and I made very good progress on all those points."

- Vance defends Trump's tariffs -

However, Vance also pointed out that India could go a "long way" in enhancing energy ties between the two countries.

"One suggestion I have, is maybe consider dropping some of the non-tariff barriers for American access to the Indian market," Vance added, without giving further details.

"Critics have attacked my president, President Trump, for starting a trade war in an effort to bring back the jobs of the past, but nothing could be further from the truth," Vance added.

"He seeks to rebalance global trade so that America, with friends like India, can build a future worth having for all of our people together."

Vance, who is accompanied by his family including his wife Usha, the daughter of Indian immigrants, is due to visit the Taj Mahal at Agra on Wednesday.

Vance said that if India, the world's most populous nation, and the United States work together successfully, "we're going to see a 21st century that is prosperous and peaceful".

But he also warned that, if "we fail to work together successfully, the 21st century could be a very dark time for all of humanity".

W.Knight--TFWP