North India Statesman
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News India Live, Digital Desk: A new and important movement has started regarding trade relations between India and America. Recently Foreign Minister S. Jaishankar (S. Jaishankar) India-US Trade Deal and Critical Minerals We have shared some things regarding this, which can change the direction of the global market in the coming time.
The most surprising thing is that in this entire process the Ministry of External Affairs is not directly involved in trade terms, but is working on a special ‘initiative’ for this.
Critical Minerals and ‘Forge’ Initiative: China’s tension increased?
Foreign Minister Jaishankar made it clear that the most important thing at this time is between India and America. ‘Critical Minerals’ (like lithium, cobalt, nickel). These minerals are used in electric vehicles (EVs) and chip making, where China currently has a monopoly.
To break this monopoly, both the countries ‘Forge’ The initiative has been given momentum. This initiative has been designed to create a strong supply chain in the field of defense and technology, so that dependence on any one country can be reduced in future.
Jaishankar’s role in trade deal: Why not directly involved?
According to reports, Dr. Jaishankar has clarified that he is not directly sitting at the trade agreement table. His focus is on diplomatic relations and geopolitical security. Issues such as trade nuances and tariffs have been left to line ministries and special task forces. Jaishankar’s main goal is to ensure that this deal is in line with India’s long-term strategic interests.
iCET: Preparation for a new revolution in the field of technology
between India and America iCET (Initiative on Critical and Emerging Technology) Cooperation is being deepened under. Jaishankar indicated that the partnership between the two countries in the semiconductor, Artificial Intelligence (AI) and space sectors is no longer limited to just discussions, but has started getting on the ground.
What will be the benefit to India?
Experts believe that if this trade agreement and Critical Mineral Partnership is successful, then:
India can become the new ‘manufacturing hub’ of the world.
India’s dependence on imports in the field of chips and electronics will reduce.
There will be more transparency and speed in defense deals with America.
Challenges still remain
Even though relations appear to be cordial, the two countries are still at loggerheads over data localisation, H-1B visas and tariffs on some agricultural products. Jaishankar’s visit to Washington is being considered an attempt to reduce these differences and present a ‘big picture’.
