New Delhi, May 24 (ANI) — As India and the United States move forward with trade negotiations, U.S. Secretary of State Marco Rubio said India has committed to buying $500 billion worth of American goods in the next five years, praising the work of Ambassador Sergio Gor and U.S. diplomatic staff in New Delhi.
Speaking during a four-day visit to India and posting on X, Rubio said the imports will concentrate on energy, technology and agricultural products. He thanked Ambassador Gor and U.S. diplomats for their efforts, saying their work on behalf of President Trump and the American people had helped secure the commitment.
The announcement follows a February agreement in which Washington and New Delhi outlined a framework for an Interim Agreement intended to be reciprocal and mutually beneficial. That framework reaffirmed commitment to broader Bilateral Trade Agreement (BTA) talks launched by President Trump and Prime Minister Narendra Modi on February 13, 2025, and said additional market access measures and steps to strengthen supply chains would be included.
A joint U.S.-India statement said India plans to purchase $500 billion of U.S. products over five years, naming energy products, aircraft and aircraft parts, precious metals, technology products and coking coal among targeted categories. The statement also said the two countries would substantially increase trade in technology items — including graphics processing units (GPUs) and other data-centre components — and expand cooperation on technology.
At a joint press conference with External Affairs Minister S. Jaishankar, Rubio said the two sides were close to finalizing a trade agreement and that talks had made “tremendous progress” toward rebalancing bilateral trade. He rejected suggestions that the U.S.-India relationship had lost momentum, describing the trade discussions as part of a wider U.S. effort to correct global trade imbalances rather than singling out India.
Rubio said the administration’s trade review aims to produce arrangements that are beneficial for the United States and its partners, and that officials are optimistic a durable, mutually advantageous pact with India can be reached. (ANI)
(This story is based on a syndicated feed and is published as received.)
