US Vice President JD Vance and Second Lady Usha Vance will visit India this month, amid significant trade negotiations between the US and India. This visit aims to bolster economic relations as both countries target a Bilateral Trade Agreement by 2025, reaching a goal of $500 billion in bilateral trade by 2030.
Vice President JD Vance and Second Lady Usha Vance of the United States are scheduled to visit India this month, as reported by POLITICO, which cited three reliable sources. This visit underscores the ongoing trade discussions occurring between the United States and India. Usha Vance hails from a background rooted in India, with her parents being a molecular biologist and mechanical engineer who emigrated from Andhra Pradesh to America.
In a previous trip to Europe in February, Vice President Vance addressed issues surrounding illegal migration and religious freedoms at the Munich Security Conference, drawing criticism towards European governments. The timing of his forthcoming visit to India correlates with heightened dialogue regarding trade matters, especially following remarks by President Trump regarding high tariffs imposed by nations such as India.
As part of the ongoing efforts to strengthen bilateral trade, Indian officials aim to improve market access between both nations while reducing tariff and non-tariff barriers. Union Minister Jitin Prasada highlighted that these focus areas are critical to advancing mutual benefits in trade relations. Recently, a delegation led by Union Commerce Minister Piyush Goyal concluded discussions in the United States aimed at fostering a Bilateral Trade Agreement (BTA) by the fall of 2025.
Furthermore, Prime Minister Narendra Modi and President Trump have agreed to work towards the initial phase of a comprehensive BTA by the proposed date, setting an ambitious target entitled “Mission 500,” which aims to elevate bilateral trade to $500 billion by 2030. Significant discussions are ongoing within the Indian Ministry to address exceedingly high tariffs, particularly on automobiles, to facilitate more advantageous trade relations.
In summary, the upcoming visit of US Vice President JD Vance and Second Lady Usha Vance to India highlights significant trade negotiations aimed at enhancing bilateral relations. The backdrop of this visit includes ongoing discussions to lower tariffs and a mutual commitment to a Bilateral Trade Agreement, which seeks to achieve a target of $500 billion in bilateral trade by 2030. These developments reflect a continued focus on collaboration between the United States and India to foster economic growth.
Original Source: www.hindustantimes.com
