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US Vice President Vance: India and America have finalized terms of reference for a trade deal

FXStreetApr 22, 2025 10:13 AM

US Vice President James David Vance announced on Tuesday that India and America have finalized the terms of reference for a trade deal.

Additional quotes

  • I believe that India and the US have much to offer one another.
  • Our administration seeks trade partners on the basis of fairness.
  • We have common goals with India.
  • India and the US will co-produce many defence equipment items.
  • India and the US both know the region must remain safe from any hostile powers.
  • We want India to buy more of our military equipment.
  • We want to help India explore offshore gas reserves and critical mineral supplies.
  • India should consider dropping some of the non-tariff barriers for American access to the Indian market.
  • I welcome India's budget amendment of nuclear liability laws.
  • I believe America's energy can help realise India's nuclear goals.
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