Modi and Trump agree on oil and gas trade, US military jet sales

The Star

At a joint press conference with US President Donald Trump at the White House on Feb 13, Indian Prime Minster Narendra Modi said the United States and India had set a target of doubling their bilateral trade to US$500bil by 2030 and will work on concluding a mutually beneficial trade agreement very soon.  Trump said they also agreed for the US to increase military sales to India including the F-35 stealth fighter jets.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:30Today, the U.S. trade deficit with India is almost $100 billion.

00:59And Prime Minister Modi and I have agreed that we'll begin negotiations to address

01:04the long-running disparities that should have been taken care of over the last four years,

01:09but they didn't do that, in the U.S.-India trading relationship with the goal of a signing

01:16an agreement.

01:17And we want, really, we want a certain level playing field, which we really think we're

01:23entitled to.

01:25And he does also, in fairness, so we're going to work on that very hard.

01:29And we can make up the difference very easily with the deficit, with the sale of oil and

01:33gas, LNG, of which we have more than anybody in the world.

01:38The Prime Minister and I also reached an important agreement on energy that will restore the

01:43United States as a leading supplier of oil and gas to India.

01:47It will be, hopefully, their number one supplier.

01:50And the groundbreaking development for U.S. nuclear industry, India is also reforming

01:56its laws to welcome U.S. nuclear technology, which is at the highest level, into the Indian

02:01market.

02:02Starting this year, we'll be increasing military sales to India by many billions of dollars.

02:07We're also paving the way to ultimately provide India with the F-35 stealth fighters.

02:14In 2017, my administration revived and reinvigorated the Quad Security Partnership.

02:23In our meeting today, the Prime Minister and I reaffirmed that strong cooperation among

02:27the United States, India, Australia, and Japan.

02:31And it's crucial, really, to maintaining peace and prosperity, tranquility, even in the Indo-Pacific.

02:39Today I'm pleased to announce that my administration has approved the extradition of one of the

02:44plotters and one of the very evil people of the world.

02:49And having to do with the horrific 2008 Mumbai terrorist attack to face justice in India.

02:58So he's going to be going back to India.

03:19Keep your seats, keep your seats, keep your seats.

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