Civil nuclear agreement
A renewed push for ‘making more atomic reactions’ in India was among the most prominent agenda on table, as the two leaders discussed ways to enhance cooperation in the energy sector. They agreed to work together on US-designed nuclear reactions in India ‘through large-scale localization and possible technology transfer’.
Both sides welcomed the recent Budget announcement by the Government of India to take up amendments to the Atomic Energy Act and the Civil Liability for Nuclear Damage Act (CLNDA) for nuclear reactors and further decided to establish bilateral arrangements in accordance with CLNDA.
Doubling bilateral trade by $500 billion
The two leaders vowed to double the bilateral trade to $500 billion by 2030. Speaking to reporters after the bilateral meeting, PM Modi said, “"We have set ourselves the target of more than doubling our bilateral trade to attain $500 billion by 2030. Our teams will work on concluding, very soon, a mutually beneficial trade agreement.”
Stepping up military trade, F-35 jets
Trump announced that the US will increase military sales to India by billions of dollars in the near future, including the supply of F-35 fighter jets. This would bring India at par with NATO allies, as only these select countries enjoy the privilege of buying F-35 stealth fighters.
Agreement on IMEC
Trump said that India and the US would work together to build the India-Middle East-Europe Economic Corridor (IMEC), describing it as ‘one of the greatest trade routes’. He said that the route will operate from Israel to Italy and onward to the US.
