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‘We’ll have trade deal very soon’: Trump at bilateral meet with Modi on UNGA sidelines

When asked if there is any trade deal is expected in the talks between India and the US, President Donald Trump said, "We are doing very well ... I think very soon we will have a trade deal."

By: Express Web Desk | New Delhi |
Updated: September 24, 2019 10:45:12 pm
'We'll have trade deal very soon': Trump at bilateral meet with Modi on UNGA sidelines President Donald Trump meets with Indian Prime Minister Narendra Modi at the United Nations General Assembly, in New York. (AP/PTI)

Just two days after Prime Minister Narendra Modi and US President Donald Trump addressed a mega Indian community event in Houston, the two leaders held a bilateral meeting in New York Tuesday. PM Modi and Trump met each other on the sidelines of the 74th session of the UN General Assembly (UNGA).

President Trump, when asked if there if any trade deal is expected in the talks between India and the US, said, “We are doing very well … I think very soon we will have a trade deal.” The two countries are negotiating a trade package to iron out issues and promote two-way commerce.

Before that, PM Modi said, “I am thankful to Trump that he came to Houston. He is my friend but he is also a good friend of India.”

India and the US are likely to reach an understanding on outstanding trade and economic issues in the meeting today, in a document tentatively titled “Indo-US shared vision: near-future outcomes”, The Indian Express has learnt. It is likely to address the critical issues between the two countries and the document prepared runs into a couple of pages.

To be billed as the big takeaway, this document is likely to be issued after the bilateral meeting between Prime Minister Narendra Modi and US President Donald Trump on Tuesday afternoon.

Commerce Minister Piyush Goyal and Commerce Secretary Anup Wadhawan met their US counterparts in a downtown hotel in New York on Monday evening to finalise the understanding, which has been in the works for a while.

The understanding is expected to address the issues related to Generalized System of Preferences (GSP), medical devices including stents and other tariff-related issues among other things.

The Ministry of External Affairs’ official spokesperson Raveesh Kumar, when asked on Monday evening, said that when Trump and Modi had met in France, they had reached a broad understanding that the issues on trade must be resolved quickly. He said that these discussions are ongoing, and to wait for the outcome of the meeting.

Modi had said in Houston, while addressing the Howdy Modi event on Sunday: “In the next two or three days, President Trump and I will have discussions. I hope that from these discussions as well we will have very positive results. By the way, President Trump calls me a tough negotiator. However, he himself is quite an expert in the ‘art of the deal’. And I am learning quite a lot from him.”

-With ENS & PTI inputs

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