Referring to Prime Minister Narendra Modi and Trump’s February 13 announcement regarding ‘Mission 500’—which aims to more than double bilateral trade to $500 billion by 2030—the commerce ministry said Indian and US trade teams are in talks to expedite a mutually beneficial, multi-sectoral Bilateral Trade Agreement.“These cover a wide range of issues of mutual interest including deepening supply chain integration. The ongoing talks are focused on enabling both nations to grow trade, investments and technology transfers. We remain in touch with the Trump Administration on these issues and expect to take them forward in the coming days,” it said.The ministry further said that India values its Comprehensive Global Strategic Partnership with the United States and is committed to implement the India-US ‘Catalysing Opportunities for Military Partnership, Accelerated Commerce & Technology’ (COMPACT) for the 21st century to ensure that our trade ties remain a pillar of mutual prosperity and drive transformative change for the benefit of the people of India and the US.
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