Saturday, June 25th, 2022 20:27:12

Quad Summit 2022: PM Modi holds bilateral talks with US President and Australian counterparts in Tokyo

Updated: May 24, 2022 4:22 pm

Prime Minister Narendra Modi today said India and US share similar views on Indo-Pacific, at the bilateral level as well as with like-minded countries. During bilateral talks with US President Joe Biden in Tokyo today, Mr Modi said their discussions will give velocity to this positive momentum.

Both leaders shared their views on a wide range of issues and discussed ways to deepen the India-US friendship. The talks were wide-ranging and covered multiple aspects of India-US ties including trade, investment, defence as well as people-to-people linkages.

In his remarks, Mr Modi said India and US partnership in the true sense is a partnership of trust. He said common interests and values have strengthened this bond of trust between the two countries.

Prime Minister Modi said the people-to-people ties and strong economic cooperation make India-US partnership unique. He said bilateral trade and investment relations are also steadily on the rise but they are below their potential.

He expressed confidence that with the conclusion of the US Investment Incentive Agreement, there will be concrete progress in investment between the two countries.

The US President expressed happiness that India and US have reached an agreement for US Development Finance Corporation. He also said he is glad that both nations are renewing the Indo-US Vaccine Action Program.

Prime Minister Modi also held bilateral talks with his Australian counterpart Anthony Albanese. The talks focused on deepening the developmental cooperation between India and Australia across diverse sectors. Both leaders reviewed the multi-faceted cooperation under the Comprehensive Strategic Partnership, including trade and investment, defence manufacturing, renewable energy green hydrogen, education, science and technology, agricultural research, sports, and people-to-people ties. Both Prime Ministers affirmed their desire to continue the positive momentum in the bilateral relationship.

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