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Hindustan Times
3 days ago
- Business
- Hindustan Times
New Zealand reiterates commitment to FTA with India, seeks closer defence ties
New Delhi: New Zealand is committed to finalising a free trade agreement (FTA) with India and even areas of concern such as the dairy industry can be turned into opportunities to ensure food security, New Zealand's deputy prime minister Winston Peters said on Friday. Peters, who is also the foreign minister, said New Zealand is keen to work more closely on defence and security issues with India, which he described as a 'geopolitical giant' and an 'indispensable security actor' in the region. External affairs minister S Jaishankar and Peters took stock of bilateral ties at a meeting in New Delhi late on Thursday. Jaishankar said in a social media post that both sides agreed to collaborate closely for a rules-based, peaceful and stable Indo-Pacific in a 'more volatile and uncertain world'. He also thanked New Zealand for its support on the Pahalgam terror attack. Peters' two-day visit to India is a follow-up to New Zealand Prime Minister Christopher Luxon's trip to New Delhi in March, when the two sides finalised an agreement to bolster defence cooperation and announced the launch of negotiations on an FTA. Participating in an interaction organised by Ananta Centre on Friday, Peters declined to set a timeline for concluding the FTA but said the 'conversation is going [ahead] with real meaning' despite 'certain areas of concern' such as the dairy industry. He argued that New Zealand's expertise in the dairy industry could open new opportunities, especially to bolster India's food security. 'I understand the the dairy industry in India. But here's the rub. You'll need 35% more food in the next 35 years and our country, rather than being an opponent, can be a serious help to drive up your productivity in the dairy industry,' he said. While offering New Zealand's help to boost the dairy industry's productivity in one Indian state, Peters said collaboration in this field can lead to 'better breeding, better outcomes, better production'. 'The more we look at India, we see opportunity everywhere if we can get this [FTA] across the line. We're not in it to enrich ourselves, we're in it to enrich both peoples,' he said, pointing to opportunities in agriculture. Two-way trade in goods and services between India and New Zealand has increased from $1.67 billion in 2020 to $1.75 billion in 2023. Earlier this month, India clinched a trade deal with the UK and it is currently engaged in trade talks with the European Union, Oman and the US. Also Read:New Zealand PM in India to attend 10th Raisina Dialogue as chief guest; focus on trade, security Peters noted that India is New Zealand's 12th largest trade partner and said his country is determined to change that. 'Our strengths, from food and beverage products to agriculture, forestry, horticulture, education and tourism are world-class. Our innovation in areas like outer space and renewable energy will find a welcome partner in India,' he said. He also focused on New Zealand's plans to work more closely on defence and security. 'During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defence and security with India,' he said. The recent defence cooperation arrangement will facilitate closer links between militaries of the two countries, which are currently part of Combined Task Force 150. This multinational naval force, based in Bahrain, is charged with protecting some of the busiest shipping lanes in the Indian Ocean and Gulf of Oman and countering terrorism and piracy. Also Read: 'If the terrorists are in Pakistan, we will hit them where they are': Jaishankar 'India's involvement in this mission as the deputy commander of the task force underscores the growing closeness of our defence ties. The task force has already had some serious real impact, disrupting the trade of $600 million worth of illegal drugs so far,' Peters said. 'With tensions rising in the Indo-Pacific, it's crucial for New Zealand to work hand in hand with India and other like-minded partners to ensure the region remains free and open, with all nations respecting the rules that underpin peace and stability.' Reiterating New Zealand's commitment to South and Southeast Asia, Peters said: 'Ultimately, there's plenty in our relationship to benefit both New Zealand and India. As we work more closely together on defence and security, on sharing technology and human capital, and cooperating economically, we can say to you that India can rely upon New Zealand's word and the actions that support them.'
Indian Express
23-04-2025
- Politics
- Indian Express
Opinion J D Vance's speech in India: ‘The 21st century will be prosperous if India-US work together… a dark time for humanity if not'
It's an amazing privilege to be here in Jaipur. I'm thrilled to address the Ananta Centre's India-US Forum, and I'm thrilled to have you all here with me. Thanks to all of you, the business leaders, decision makers, and of course, the students, for being here. And thanks to our great team at the US Embassy for everything that you guys do for our country. In the United States, we're proud of the deep connection between our nations, between India and the United States. Prime Minister [Narendra] Modi, as most of you probably know, was one of the first visitors welcomed into the Oval Office during President [Donald] Trump's second term. And like President Trump, the Prime Minister inspires remarkable loyalty because of the strength of his belief in his people and in his country. Now, we're so grateful for Prime Minister Modi's hospitality as well as the reception that he and everyone else in this country have given us on this first trip for me to India. This is my first time visiting the birthplace of my wife's parents, and she's, of course, in the front row there. There you are, Usha. Thank you. She's a bit of a celebrity, it turns out, in India, I think more so than her husband. But I haven't been here long, but already I've been fortunate enough to visit the Akshardham Temple. Did I pronounce that right, honey? I did okay? All right. With my family this morning, as a matter of fact. And last night, Prime Minister Modi welcomed me, Usha, and our three small children at his beautiful home. I've been amazed by the ancient beauty of the architecture of India, by the richness of India's history and traditions, but also by India's laser-like focus on the future. I think this appreciation for history and tradition and this focus on the future is very much something that animates this country in 2025. Now, in other countries I've visited, it sometimes feels like there's a flatness, a saneness, a desire to just be like everyone else in the world. But it's different here. There's a vitality to India, a sense of infinite possibility, of new homes to be built, new skylines to be raised, and lives to be enriched. And there's a pride in being Indian, a feeling of excitement about the days that lie ahead. It's a striking contrast with too many in the West, where some in our leadership class seem stricken by self-doubt and even fear of the future. To them, humanity is always one bad decision away from catastrophe. The world will soon end, they tell us, because we're burning too much fuel or making too many things or having too many children. And so rather than invest in the future, they too often retreat from it. Some of them pass laws that force their nations to use less power. They cancel nuclear and other energy generation facilities, even as their choices, the choices of these leaders, lead to more dependence on foreign adversaries. Meanwhile, their message to their friends, to countries like India, is to tell them that they're not allowed to grow. President Trump rejects these failed ideas. He wants America to grow, he wants India to grow, and he wants to build the future with our partners all over the globe. And when I look at this audience, or when I visit this incredible country over these last couple of days, I see a people that will not be held back. The most profound responsibility I believe that all of us have is not to ourselves, but to the next generation, to make sure we leave them with a better society than the one that our parents and our grandparents gave us. This is the world that America seeks to create with you. We want to build a bright new world, one that's constantly innovating, one that's helping people to form families, making it easier to build, invest, and trade together in pursuit of common goals. I believe that our nations have much to offer one another. And that's why we come to you as partners looking to strengthen our relationship. Now we're not here to preach that you do things any one particular way. Too often in the past, Washington approached Prime Minister Modi with an attitude of preachiness, or even one of condescension. Prior administrations saw India as a source of low-cost labour on the one hand, even as they criticised the Prime Minister's government, arguably the most popular in the democratic world. And as I told Prime Minister Modi last night, he's got approval ratings that would make me jealous. But it wasn't just India. This attitude captured too much of our economic relationship with the rest of the world. So we shipped countless jobs overseas, and with them our capacity to make things, from furniture, appliances, and even weapons of war. We traded hard power for soft power because with economic integration, we were told, would also come peace through sameness. Over time, we'd all assume the same sort of bland, secular, universal values. No matter where you lived, the world was flat after all. That was the thesis, and that was what they told us. And when that thesis proved false, or at least incomplete, leaders in the West took it upon themselves to flatten it by any means necessary. But many people across the world, and I think your country counts among them, they did not want to be flattened. Many were proud of where they came from, their way of life, the kind of jobs they worked, and the kind of jobs their parents worked before them. And that very much includes people in my own country, the United States of America. Some of you are aware of my own background. I actually didn't plan to talk about my background at all until last night at dinner, while my children mostly behaved. We gave an A-minus for behaviour with the prime minister. The prime minister said, I have one request. I want you to talk a little bit about your background. And so I wanted to do that. For those of you who don't know anything about me, I want to talk about it. I come from, and I'm biased, the greatest state in the Union, the state of Ohio, a longtime manufacturing powerhouse in the US. My home, specifically, is a place called Middletown. Now it's not a massive city by any means, it's not Jaipur, but it's a decent-sized town and a place where people make things, which has been a point of pride in Middletown for generations. It's filled with families like my own, some of whom called us hillbillies — Americans who came down from the surrounding hills and mountains of West Virginia, Tennessee, and Kentucky to cities like Middletown in pursuit of the manufacturing jobs that were creating widespread prosperity for families all across America. They came to Middletown in search of, what we call back home, the American dream. In Middletown, my parents raised me. My grandparents raised me. They taught us to work hard, they taught me to study hard, and they taught me to love God and my country and always be good to your own. My granddad, who I called Papaw growing up, he typified that. Late into life, he worked as a steelmaker at the local mill, and I know India has a lot of those. Papaw's job gave him a good wage, stable hours, and a generous pension. All that allowed him to support not just him and my grandmother, but his own daughter and grandkids with him. By the time I came around, money was awfully tight, but he worked hard to make a good living for all of us. I know Papaw and Mamaw were grateful for the way of life their country made possible. Their generation bore witness to the formation of America's great middle class. By creating an economy centred around production, around workers who build things, and around the value of their labour, our nation's leaders then transformed their country and made thousands of little Middletowns possible. The government supported its labour force. We created incentives for productive industries to take root and struck good deals with international partners to sell the goods made in the US. But as America settled into world historic prosperity it generated, our leaders began to take that very prosperity and what created it for granted. They forgot the importance of building, of supporting productive industry, of striking fair deals, and of supporting our workers and their families. As time went on, we saw the consequences. In my hometown, factories left, jobs evaporated, America's Middletowns ceased to be the lifeblood of our nation's economy. And the US, as it became transformed, those very people, the working class, the background of the United States of America, were dismissed as backwards for holding on to the values their people had held dear for generations. Middletown's story is my story, but it's hardly unusual in the US. There are tens of millions of Americans who over the last 20 or so years have woken up to what's happening in our nation. But I believe they woke up well before it's too late. Like you, we want to appreciate our history, our culture, our religion. We want to do commerce and strike good deals with our friends. We want to found our vision of the future upon the proud recognition of our heritage, rather than self-loathing and fear. I work for a president who has long understood all of this. Whether through fighting those who seek to erase American history, or in support of fairer trade deals abroad, he has been consistent on these issues for decades. As a result, under the Trump administration, America now has a government that has learned from the mistakes of the past. It's why President Trump cares so deeply about protecting the manufacturing economy that is the lifeblood of American prosperity, and making sure America's workers have opportunities for good jobs. As we saw earlier this month, he will go to extraordinary lengths to protect and expand those opportunities for all Americans. So today, I come here with a simple message. Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who don't suppress their wages to boost exports, but respect the value of their labour. We want partners that are committed to working with America to build things, not just allowing themselves to become a conduit for transshipping others' goods. And finally, we want to partner with people and countries who recognise the historic nature of the moment we're in, of the need to come together and build something truly new, a system of global trade that is balanced, one that is open, and one that is stable and fair. Now, I want to be clear, America's partners need not look exactly like America, nor must our governments do everything exactly the same way. But we should have some common goals. And I believe here in India, we do, in both economics and in national security. That's why we're so excited. That's why I'm so excited to be here today. In India, America has a friend, and we seek to strengthen the warm bonds our great nations already share. Critics have attacked my president, President Trump, for starting a trade war in an effort to bring back the jobs of the past. But nothing could be further from the truth. He seeks to rebalance global trade so that America, with friends like India, can build a future worth having for all of our people together. And when President Trump and Prime Minister Modi announced in February that our countries aim to more than double our bilateral trade to $500 billion by the end of the decade, I know that both of them meant it. I'm encouraged by everything our nations are doing to get us there. As many of you are aware, both of our governments are hard at work on a trade agreement built on shared priorities, like creating new jobs, building durable supply chains, and achieving prosperity for our workers. In our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points. We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I believe this is a vital step toward realising President Trump's and Prime Minister Modi's vision because it sets a roadmap toward a final deal between our nations. I believe there is much that America and India can accomplish together. And on that note, I want to talk about a few areas of collaboration today, how India and the US can work together. First, perhaps most importantly, to protect our nations. Second, to build great things. And finally, to innovate the cutting-edge technologies both our countries will need in the years to come. On defence, our countries already enjoy a close relationship, one of the closest relationships in the world. America does more military exercises with India than we do with any other nation. The US-India Compact that President Trump and Prime Minister Modi announced in February will lay the foundation for even closer collaboration. From javelins to striker combat vehicles, our nations will co-produce many of the munitions and equipment that we'll need to deter foreign aggressors, not because we seek war but because we seek peace and we believe the best path to peace is through mutual strength. The launching of the Joint Autonomous Systems Industry Alliance will enable America and India to develop the most state-of-the-art maritime systems needed for victory. It's fitting that India is hosting the Quad Leaders Summit this fall. Our interests in a free, open, peaceful, and prosperous Indo-Pacific are in full alignment. Both of us know that the region must remain safe from any hostile powers that seek to dominate it. Growing relations between our countries over the last decade are part of what led America to designate India a major defence partner, the first of that class. This designation means that India now shares with the UAE, a defence and technology infrastructure and partnership with the US on par with America's closest allies and friends. But we actually feel that India has much more to gain from its continued defence partnership with the US, and let me sketch that out a little bit. We, of course, want to collaborate more. We want to work together more. And we want your nation to buy more of our military equipment, which we believe is the best in class. American fifth-generation F-35s, for example, would give the Indian Air Force the ability to defend your airspace and protect your people like never before, and I've met a lot of great people from the Indian Air Force just in the last couple of days. India, like America, wants to build, and that will mean that we have to produce more energy. It's more energy production and more energy consumption, and it's one of the many reasons why I think our nations have so much to gain by strengthening our energy ties. As President Trump is fond of saying, America has once again begun to 'drill, baby, drill', and we think that will inure to the benefit of Americans, but it will also benefit India. Past administrations in the US, I think motivated by a fear of the future, have tied our hands and restricted American investments in oil and natural gas production. This administration recognises that cheap, dependable energy is an essential part of making things and is an essential part of economic independence for both of our nations. Of course, America is blessed with vast natural resources and an unusual capacity to generate energy — so much that we want to be able to sell it to our friends like India. We believe your nation will benefit from American energy exports and expanding those exports. You'll be able to build more, make more, and grow more, but at much lower energy costs. We also want to help India explore its own considerable natural resources, including its offshore natural gas reserves and critical mineral supplies. We have the capacity and we have the desire to help. Moreover, we think energy co-production will help beat unfair competitors in other foreign markets. But India, we believe, can go a long way to enhance energy ties between our nations, and one suggestion I have is maybe consider dropping some of the non-tariff barriers for American access to the Indian market. Now, I've talked about this, of course, with Prime Minister Modi, and look, President Trump and I know that he is a tough negotiator. He drives a hard bargain. It's one of the reasons why we respect him. And we don't blame Prime Minister Modi for fighting for India's industry, but we do blame American leaders of the past for failing to do the same for our workers. We believe that we can fix that to the mutual benefit of both the US and India. Let me give an example. American ethanol, we believe made from the finest corn in the world, can play a tremendous role in enhancing our partnership. I know our farmers would be delighted to support India's energy security ambitions. We welcome the Modi government's budget announcement to amend India's civil nuclear liability laws, which currently prevent US producers from exporting small modular reactors and building larger US-designed reactors in India. There's much that we can create, much that we can do together. We believe that American energy can help realise India's nuclear power production goals — and this is very important — as well as its AI ambitions. Because as the US knows well, and I know that India knows well, there is no AI future without energy security and energy dominance. And that brings me to my final point of collaboration. I believe that the technological collaboration between our countries is going to extend well beyond defence and energy. The US-India Trust Initiative that President Trump and Prime Minister Modi have launched will be a cornerstone of the partnership in the future. It'll build on billions of dollars of planned investments that American companies have already announced across India. In the years to come, we're going to see data centres, pharmaceuticals, undersea cables, and countless other critical goods being developed and being built because of the American and Indian economic partnership. I'll say it again. I think that our nations have so much to gain by investing in one another, America investing in India, and of course, India investing in the US. I know that Americans, our people, are excited about that prospect, and that President Trump and I are looking forward to stronger ties. Americans want further access to Indian markets. This is a great place to do business, and we want to give our people more access to this country. And Indians, we believe, will thrive from greater commerce in the US. This is very much a win-win partnership. It certainly will be far into the future. As I know this audience knows better than most, neither Americans nor Indians are alone in looking to scale up their manufacturing capacity. The competition extends well beyond cheap consumer goods and into munitions, energy, infrastructure, and all sorts of other cutting-edge technologies. I believe that if our nations fail to keep pace, the consequences for the Indo-Pacific, but really the consequences for the entire world, will be quite dire. This, again, is where India and the US have so much to offer one another. We've got great hardware, the leading artificial intelligence hardware in the world. You have one of the most exciting startup technology infrastructures anywhere in the world. There's a lot to be gained by working together. And this is why President Trump and I both welcome India's leadership in a number of diplomatic organisations, but, of course, in the Quad. We believe a stronger India means greater economic prosperity, but also greater stability across the Indo-Pacific, which is, of course, a shared goal for all of us in this room, and it's a shared goal for both of our countries. I want to close with one last story, or maybe a couple of stories. My son, Ewan, is seven years old. He's our firstborn son. Yesterday, after we had dinner at the prime minister's house, the food was so good and the prime minister was so kind to our three children that Ewan came up to me afterwards and he said, 'Dad, you know, I think maybe I could live in India.' But I think after about 90 minutes in the Jaipur sun today at the Great Palace, he suggested that maybe we should move to England. So you take the good with the bad here. I want to talk about Prime Minister Modi because I think he's a special person. I first met Prime Minister Modi at the AI Action Summit in February, and we had a lot of important discussions on AI and other policies to prepare for. The PM also managed to figure out that my son, Vivek, was actually turning five years old on the trip. So think about this. At a huge international policy conference, he took the time to stop by where I was staying, wish our second son, Vivek, a happy birthday, and even bring him a gift. Usha and I were both genuinely touched by his graciousness. And we've been even more impressed by his warmth since we arrived in India. Some of you may know that when you're a politician, your kids spend almost as much time in the limelight as you do. And the great thing about kids is they are brutally honest with everybody, whether you want them to be or not. And our seven-year-old, our five-year-old, and then our three-year-old baby girl, Mirabelle, it's interesting. They have only really attached themselves to, they've only really liked, I should say, they've only really built a rapport with two world leaders. The first, of course, is President Trump. He just has a certain energy about them — about him. But Prime Minister Modi, it's the exact same thing. Our kids just like him. And I think that because kids are such good, strong judges of character, I just like Prime Minister Modi too. And I think it's a great foundation for the future of our relationship. I could tell when Prime Minister Modi came over a couple of months ago. And I believe today that he is a serious leader who has thought deeply about India's future prosperity and security, not just for the rest of his time in office, but over the next century. And I want to end by making a simple, overarching point. We are now officially one quarter into the 21st century, 25 years and 75 years to go. I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. I believe that if India and the US work together successfully, we are going to see a 21st century that is prosperous and peaceful. But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity. It's clear to me, as it is to most observers, that President Trump, of course, intends to rebalance America's economic relationship with the rest of the world. That's going to cause, fundamentally, profound changes within our borders and the US, but of course with other countries as well. But I believe that this rebalancing is going to produce great benefits for American workers. It's going to produce great benefits for the people of India. And because our partnership is so important to the future of the world, I believe President Trump's efforts — joined, of course, by the whole country of India and Prime Minister Modi — will make the 21st century the best century in human history. Let's do it together. God bless you and thank you for having me. Thank you.
The Print
22-04-2025
- Business
- The Print
US Veep JD Vance warns of ‘dire consequences' if India, US lag behind in tech & defence
In his speech, addressing the Ananta Centre India-US forum, the US vice-president also pushed for deeper ties in strategic areas between the two countries. He called on New Delhi to reduce the non-tariff barriers and allow American companies greater access to Indian markets, saying it would help India gain greater energy security. Speaking at the Rajasthan International Centre in Jaipur, Vance said, 'Neither Americans nor Indians are alone in looking to scale up their manufacturing capacity. The competition extends well beyond cheap consumer goods and into munitions, energy, infrastructure, and all sorts of other cutting-edge technologies. I believe that if our nations fail to keep pace, the consequences for the Indo-Pacific, but really the consequences for the entire world, will be quite dire.' New Delhi: US Vice-President J.D. Vance Tuesday warned of 'dire' consequences for the world if India and the US 'fail to keep pace' in scaling up across manufacturing, energy, cutting-edge technologies, and defence. Vance is currently on a four-day trip in India. While it is primarily a personal visit, along with his family, he met with Prime Minister Narendra Modi Monday evening. The two leaders announced the terms of reference for the bilateral trade agreement being negotiated between India and the US. 'I'm encouraged by everything our nations are doing to get us there… both of our governments are hard at work on a trade agreement built on shared priorities, like creating new jobs, building durable supply chains, and achieving prosperity for our workers,' Vance further said Tuesday. 'In our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points.' On Monday, Modi and Vance noted the remarkable progress in the India-US COMPACT (Catalyzing Opportunities for Military Partnership, Accelerated Commerce, and Technology), announced during a meeting between the Prime Minister and US President Donald Trump in February. Vance Tuesday highlighted the areas the US is keen to collaborate with India in, such as defence, energy, nuclear energy, and cutting-edge technologies. Without naming the European Union, he also flagged the difference in the approach taken by Washington in trade negotiations with India. 'Now I believe that our nations have much to offer one another. And that's why we come to you as partners looking to strengthen our relationship. Now we're not here to preach that you do things any one particular way,' said Vance, saying that, in the past, administrations have dealt with India with an 'attitude of preachiness'. India is also negotiating a free trade agreement with the EU. Vance also rejected the claims that Trump has sought to start a global trade war, characterising the tariffs announced earlier this month as an effort to 'rebalance' global trade. Trump introduced a baseline tariff of 10 percent on imports of goods from various countries, along with additional tariffs on over 60 countries. India, which Trump has repeatedly referred to as 'tariff king', was set to face an additional tariff at 27 percent. However, there is an ongoing 90-day pause on the additional tariffs, giving nations a chance to negotiate deals with the US. 'Now, critics have attacked… President Trump, for starting a trade war in an effort to bring back the jobs of the past. But nothing could be further from the truth. He seeks to rebalance global trade so that America, with friends like India, can build a future worth having for all of our people together,' said Vance. The two sides agreed to a bilateral trade deal during Modi's visit to Washington in February, and promised to announce the first tranche by autumn 2025. Also Read: India, Bangladesh in EU's proposed list of 'safe countries of origin' as it seeks to tighten asylum laws 'Defence & energy basis of India-US ties' Vance reaffirmed Trump's offer of selling India high-technology defence platforms, including the F-35 fighter jets, which have, to date, been offered only to their allies. He said defence ties between the two countries were 'on par with America's closest allies and friends'. 'America does more military exercises with India than we do with any other nation on Earth,' said Vance. 'From Javelins to Stryker combat vehicles, our nations will co-produce many of the munitions and equipment that we'll need to deter foreign aggressors, not because we seek war, but because we seek peace and we believe the best path to peace is through mutual strength.' The US vice-president further said that the launch of the joint Autonomous Systems Industry Alliance (ASIA) would enable US and India to 'develop the most state-of-the-art maritime systems needed for victory'. 'Both of us know that the region must remain safe from any hostile powers that seek to dominate it. Growing relations between our countries over the last decade are part of what led America to designate India a major defence partner, the first of that class.' He acknowledged the strategic nature of energy resources and appeared to be criticising European countries for closing down nuclear power plants and limiting investments into energy production. He urged India to import energy from the US, promising that 'it will be able to build more, make more, and grow more, but at much lower energy costs'. 'And I know our farmers would be delighted to support India's energy security ambitions. We welcome the Modi government's budget announcement to amend India's civil nuclear liability laws, which currently prevent US producers from exporting small modular reactors and building larger US-designed reactors in India,' said Vance. 'There's much that we can create, much that we can do together. We believe that American energy can help realise India's nuclear power production goals, and this is very important, as well as its AI ambitions.' The push for India to purchase more defence platforms and energy from the US is part of Trump's larger vision to cut the trade deficits between the two countries. In 2023-2024, India exported roughly $77.1 billion worth of goods to the US, while importing around $42 billion worth of goods from it. 'But I believe that this rebalancing [in trade] is going to produce great benefits for American workers. It's going to produce great benefits for the people of India. And because our partnership is so important to the future of the world, I believe President Trump's efforts, joined, of course, by the whole country of India and Prime Minister Modi, will make the 21st century the best century in human history,' said Vance. (Edited by Sanya Mathur) Also Read: Jaishankar hints at amending nuclear liability law as India seeks deeper ties with US
Indian Express
22-04-2025
- Politics
- Indian Express
J D Vance's speech in India: ‘The 21st century will be prosperous if India-US work together… a dark time for humanity if not'
JD Vance It's an amazing privilege to be here in Jaipur. I'm thrilled to address the Ananta Centre's India-US Forum, and I'm thrilled to have you all here with me. Thanks to all of you, the business leaders, decision makers, and of course, the students, for being here. And thanks to our great team at the US Embassy for everything that you guys do for our country. In the United States, we're proud of the deep connection between our nations, between India and the United States. Prime Minister [Narendra] Modi, as most of you probably know, was one of the first visitors welcomed into the Oval Office during President [Donald] Trump's second term. And like President Trump, the Prime Minister inspires remarkable loyalty because of the strength of his belief in his people and in his country. Now, we're so grateful for Prime Minister Modi's hospitality as well as the reception that he and everyone else in this country have given us on this first trip for me to India. This is my first time visiting the birthplace of my wife's parents, and she's, of course, in the front row there. There you are, Usha. Thank you. She's a bit of a celebrity, it turns out, in India, I think more so than her husband. But I haven't been here long, but already I've been fortunate enough to visit the Akshardham Temple. Did I pronounce that right, honey? I did okay? All right. With my family this morning, as a matter of fact. And last night, Prime Minister Modi welcomed me, Usha, and our three small children at his beautiful home. I've been amazed by the ancient beauty of the architecture of India, by the richness of India's history and traditions, but also by India's laser-like focus on the future. I think this appreciation for history and tradition and this focus on the future is very much something that animates this country in 2025. Now, in other countries I've visited, it sometimes feels like there's a flatness, a saneness, a desire to just be like everyone else in the world. But it's different here. There's a vitality to India, a sense of infinite possibility, of new homes to be built, new skylines to be raised, and lives to be enriched. And there's a pride in being Indian, a feeling of excitement about the days that lie ahead. It's a striking contrast with too many in the West, where some in our leadership class seem stricken by self-doubt and even fear of the future. To them, humanity is always one bad decision away from catastrophe. The world will soon end, they tell us, because we're burning too much fuel or making too many things or having too many children. And so rather than invest in the future, they too often retreat from it. Some of them pass laws that force their nations to use less power. They cancel nuclear and other energy generation facilities, even as their choices, the choices of these leaders, lead to more dependence on foreign adversaries. Meanwhile, their message to their friends, to countries like India, is to tell them that they're not allowed to grow. President Trump rejects these failed ideas. He wants America to grow, he wants India to grow, and he wants to build the future with our partners all over the globe. And when I look at this audience, or when I visit this incredible country over these last couple of days, I see a people that will not be held back. The most profound responsibility I believe that all of us have is not to ourselves, but to the next generation, to make sure we leave them with a better society than the one that our parents and our grandparents gave us. This is the world that America seeks to create with you. We want to build a bright new world, one that's constantly innovating, one that's helping people to form families, making it easier to build, invest, and trade together in pursuit of common goals. I believe that our nations have much to offer one another. And that's why we come to you as partners looking to strengthen our relationship. Now we're not here to preach that you do things any one particular way. Too often in the past, Washington approached Prime Minister Modi with an attitude of preachiness, or even one of condescension. Prior administrations saw India as a source of low-cost labour on the one hand, even as they criticised the Prime Minister's government, arguably the most popular in the democratic world. And as I told Prime Minister Modi last night, he's got approval ratings that would make me jealous. But it wasn't just India. This attitude captured too much of our economic relationship with the rest of the world. So we shipped countless jobs overseas, and with them our capacity to make things, from furniture, appliances, and even weapons of war. We traded hard power for soft power because with economic integration, we were told, would also come peace through sameness. Over time, we'd all assume the same sort of bland, secular, universal values. No matter where you lived, the world was flat after all. That was the thesis, and that was what they told us. And when that thesis proved false, or at least incomplete, leaders in the West took it upon themselves to flatten it by any means necessary. But many people across the world, and I think your country counts among them, they did not want to be flattened. Many were proud of where they came from, their way of life, the kind of jobs they worked, and the kind of jobs their parents worked before them. And that very much includes people in my own country, the United States of America. Some of you are aware of my own background. I actually didn't plan to talk about my background at all until last night at dinner, while my children mostly behaved. We gave an A-minus for behaviour with the prime minister. The prime minister said, I have one request. I want you to talk a little bit about your background. And so I wanted to do that. For those of you who don't know anything about me, I want to talk about it. I come from, and I'm biased, the greatest state in the Union, the state of Ohio, a longtime manufacturing powerhouse in the US. My home, specifically, is a place called Middletown. Now it's not a massive city by any means, it's not Jaipur, but it's a decent-sized town and a place where people make things, which has been a point of pride in Middletown for generations. It's filled with families like my own, some of whom called us hillbillies — Americans who came down from the surrounding hills and mountains of West Virginia, Tennessee, and Kentucky to cities like Middletown in pursuit of the manufacturing jobs that were creating widespread prosperity for families all across America. They came to Middletown in search of, what we call back home, the American dream. In Middletown, my parents raised me. My grandparents raised me. They taught us to work hard, they taught me to study hard, and they taught me to love God and my country and always be good to your own. My granddad, who I called Papaw growing up, he typified that. Late into life, he worked as a steelmaker at the local mill, and I know India has a lot of those. Papaw's job gave him a good wage, stable hours, and a generous pension. All that allowed him to support not just him and my grandmother, but his own daughter and grandkids with him. By the time I came around, money was awfully tight, but he worked hard to make a good living for all of us. I know Papaw and Mamaw were grateful for the way of life their country made possible. Their generation bore witness to the formation of America's great middle class. By creating an economy centred around production, around workers who build things, and around the value of their labour, our nation's leaders then transformed their country and made thousands of little Middletowns possible. The government supported its labour force. We created incentives for productive industries to take root and struck good deals with international partners to sell the goods made in the US. But as America settled into world historic prosperity it generated, our leaders began to take that very prosperity and what created it for granted. They forgot the importance of building, of supporting productive industry, of striking fair deals, and of supporting our workers and their families. As time went on, we saw the consequences. In my hometown, factories left, jobs evaporated, America's Middletowns ceased to be the lifeblood of our nation's economy. And the US, as it became transformed, those very people, the working class, the background of the United States of America, were dismissed as backwards for holding on to the values their people had held dear for generations. Middletown's story is my story, but it's hardly unusual in the US. There are tens of millions of Americans who over the last 20 or so years have woken up to what's happening in our nation. But I believe they woke up well before it's too late. Like you, we want to appreciate our history, our culture, our religion. We want to do commerce and strike good deals with our friends. We want to found our vision of the future upon the proud recognition of our heritage, rather than self-loathing and fear. I work for a president who has long understood all of this. Whether through fighting those who seek to erase American history, or in support of fairer trade deals abroad, he has been consistent on these issues for decades. As a result, under the Trump administration, America now has a government that has learned from the mistakes of the past. It's why President Trump cares so deeply about protecting the manufacturing economy that is the lifeblood of American prosperity, and making sure America's workers have opportunities for good jobs. As we saw earlier this month, he will go to extraordinary lengths to protect and expand those opportunities for all Americans. So today, I come here with a simple message. Our administration seeks trade partners on the basis of fairness and of shared national interests. We want to build relationships with our foreign partners who respect their workers, who don't suppress their wages to boost exports, but respect the value of their labour. We want partners that are committed to working with America to build things, not just allowing themselves to become a conduit for transshipping others' goods. And finally, we want to partner with people and countries who recognise the historic nature of the moment we're in, of the need to come together and build something truly new, a system of global trade that is balanced, one that is open, and one that is stable and fair. Now, I want to be clear, America's partners need not look exactly like America, nor must our governments do everything exactly the same way. But we should have some common goals. And I believe here in India, we do, in both economics and in national security. That's why we're so excited. That's why I'm so excited to be here today. In India, America has a friend, and we seek to strengthen the warm bonds our great nations already share. Critics have attacked my president, President Trump, for starting a trade war in an effort to bring back the jobs of the past. But nothing could be further from the truth. He seeks to rebalance global trade so that America, with friends like India, can build a future worth having for all of our people together. And when President Trump and Prime Minister Modi announced in February that our countries aim to more than double our bilateral trade to $500 billion by the end of the decade, I know that both of them meant it. I'm encouraged by everything our nations are doing to get us there. As many of you are aware, both of our governments are hard at work on a trade agreement built on shared priorities, like creating new jobs, building durable supply chains, and achieving prosperity for our workers. In our meeting yesterday, Prime Minister Modi and I made very good progress on all of those points. We are especially excited to formally announce that America and India have officially finalised the terms of reference for the trade negotiation. I believe this is a vital step toward realising President Trump's and Prime Minister Modi's vision because it sets a roadmap toward a final deal between our nations. I believe there is much that America and India can accomplish together. And on that note, I want to talk about a few areas of collaboration today, how India and the US can work together. First, perhaps most importantly, to protect our nations. Second, to build great things. And finally, to innovate the cutting-edge technologies both our countries will need in the years to come. On defence, our countries already enjoy a close relationship, one of the closest relationships in the world. America does more military exercises with India than we do with any other nation. The US-India Compact that President Trump and Prime Minister Modi announced in February will lay the foundation for even closer collaboration. From javelins to striker combat vehicles, our nations will co-produce many of the munitions and equipment that we'll need to deter foreign aggressors, not because we seek war but because we seek peace and we believe the best path to peace is through mutual strength. The launching of the Joint Autonomous Systems Industry Alliance will enable America and India to develop the most state-of-the-art maritime systems needed for victory. It's fitting that India is hosting the Quad Leaders Summit this fall. Our interests in a free, open, peaceful, and prosperous Indo-Pacific are in full alignment. Both of us know that the region must remain safe from any hostile powers that seek to dominate it. Growing relations between our countries over the last decade are part of what led America to designate India a major defence partner, the first of that class. This designation means that India now shares with the UAE, a defence and technology infrastructure and partnership with the US on par with America's closest allies and friends. But we actually feel that India has much more to gain from its continued defence partnership with the US, and let me sketch that out a little bit. We, of course, want to collaborate more. We want to work together more. And we want your nation to buy more of our military equipment, which we believe is the best in class. American fifth-generation F-35s, for example, would give the Indian Air Force the ability to defend your airspace and protect your people like never before, and I've met a lot of great people from the Indian Air Force just in the last couple of days. India, like America, wants to build, and that will mean that we have to produce more energy. It's more energy production and more energy consumption, and it's one of the many reasons why I think our nations have so much to gain by strengthening our energy ties. As President Trump is fond of saying, America has once again begun to 'drill, baby, drill', and we think that will inure to the benefit of Americans, but it will also benefit India. Past administrations in the US, I think motivated by a fear of the future, have tied our hands and restricted American investments in oil and natural gas production. This administration recognises that cheap, dependable energy is an essential part of making things and is an essential part of economic independence for both of our nations. Of course, America is blessed with vast natural resources and an unusual capacity to generate energy — so much that we want to be able to sell it to our friends like India. We believe your nation will benefit from American energy exports and expanding those exports. You'll be able to build more, make more, and grow more, but at much lower energy costs. We also want to help India explore its own considerable natural resources, including its offshore natural gas reserves and critical mineral supplies. We have the capacity and we have the desire to help. Moreover, we think energy co-production will help beat unfair competitors in other foreign markets. But India, we believe, can go a long way to enhance energy ties between our nations, and one suggestion I have is maybe consider dropping some of the non-tariff barriers for American access to the Indian market. Now, I've talked about this, of course, with Prime Minister Modi, and look, President Trump and I know that he is a tough negotiator. He drives a hard bargain. It's one of the reasons why we respect him. And we don't blame Prime Minister Modi for fighting for India's industry, but we do blame American leaders of the past for failing to do the same for our workers. We believe that we can fix that to the mutual benefit of both the US and India. Let me give an example. American ethanol, we believe made from the finest corn in the world, can play a tremendous role in enhancing our partnership. I know our farmers would be delighted to support India's energy security ambitions. We welcome the Modi government's budget announcement to amend India's civil nuclear liability laws, which currently prevent US producers from exporting small modular reactors and building larger US-designed reactors in India. There's much that we can create, much that we can do together. We believe that American energy can help realise India's nuclear power production goals — and this is very important — as well as its AI ambitions. Because as the US knows well, and I know that India knows well, there is no AI future without energy security and energy dominance. And that brings me to my final point of collaboration. I believe that the technological collaboration between our countries is going to extend well beyond defence and energy. The US-India Trust Initiative that President Trump and Prime Minister Modi have launched will be a cornerstone of the partnership in the future. It'll build on billions of dollars of planned investments that American companies have already announced across India. In the years to come, we're going to see data centres, pharmaceuticals, undersea cables, and countless other critical goods being developed and being built because of the American and Indian economic partnership. I'll say it again. I think that our nations have so much to gain by investing in one another, America investing in India, and of course, India investing in the US. I know that Americans, our people, are excited about that prospect, and that President Trump and I are looking forward to stronger ties. Americans want further access to Indian markets. This is a great place to do business, and we want to give our people more access to this country. And Indians, we believe, will thrive from greater commerce in the US. This is very much a win-win partnership. It certainly will be far into the future. As I know this audience knows better than most, neither Americans nor Indians are alone in looking to scale up their manufacturing capacity. The competition extends well beyond cheap consumer goods and into munitions, energy, infrastructure, and all sorts of other cutting-edge technologies. I believe that if our nations fail to keep pace, the consequences for the Indo-Pacific, but really the consequences for the entire world, will be quite dire. This, again, is where India and the US have so much to offer one another. We've got great hardware, the leading artificial intelligence hardware in the world. You have one of the most exciting startup technology infrastructures anywhere in the world. There's a lot to be gained by working together. And this is why President Trump and I both welcome India's leadership in a number of diplomatic organisations, but, of course, in the Quad. We believe a stronger India means greater economic prosperity, but also greater stability across the Indo-Pacific, which is, of course, a shared goal for all of us in this room, and it's a shared goal for both of our countries. I want to close with one last story, or maybe a couple of stories. My son, Ewan, is seven years old. He's our firstborn son. Yesterday, after we had dinner at the prime minister's house, the food was so good and the prime minister was so kind to our three children that Ewan came up to me afterwards and he said, 'Dad, you know, I think maybe I could live in India.' But I think after about 90 minutes in the Jaipur sun today at the Great Palace, he suggested that maybe we should move to England. So you take the good with the bad here. I want to talk about Prime Minister Modi because I think he's a special person. I first met Prime Minister Modi at the AI Action Summit in February, and we had a lot of important discussions on AI and other policies to prepare for. The PM also managed to figure out that my son, Vivek, was actually turning five years old on the trip. So think about this. At a huge international policy conference, he took the time to stop by where I was staying, wish our second son, Vivek, a happy birthday, and even bring him a gift. Usha and I were both genuinely touched by his graciousness. And we've been even more impressed by his warmth since we arrived in India. Some of you may know that when you're a politician, your kids spend almost as much time in the limelight as you do. And the great thing about kids is they are brutally honest with everybody, whether you want them to be or not. And our seven-year-old, our five-year-old, and then our three-year-old baby girl, Mirabelle, it's interesting. They have only really attached themselves to, they've only really liked, I should say, they've only really built a rapport with two world leaders. The first, of course, is President Trump. He just has a certain energy about them — about him. But Prime Minister Modi, it's the exact same thing. Our kids just like him. And I think that because kids are such good, strong judges of character, I just like Prime Minister Modi too. And I think it's a great foundation for the future of our relationship. I could tell when Prime Minister Modi came over a couple of months ago. And I believe today that he is a serious leader who has thought deeply about India's future prosperity and security, not just for the rest of his time in office, but over the next century. And I want to end by making a simple, overarching point. We are now officially one quarter into the 21st century, 25 years and 75 years to go. I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. I believe that if India and the US work together successfully, we are going to see a 21st century that is prosperous and peaceful. But I also believe that if we fail to work together successfully, the 21st century could be a very dark time for all of humanity. It's clear to me, as it is to most observers, that President Trump, of course, intends to rebalance America's economic relationship with the rest of the world. That's going to cause, fundamentally, profound changes within our borders and the US, but of course with other countries as well. But I believe that this rebalancing is going to produce great benefits for American workers. It's going to produce great benefits for the people of India. And because our partnership is so important to the future of the world, I believe President Trump's efforts — joined, of course, by the whole country of India and Prime Minister Modi — will make the 21st century the best century in human history. Let's do it together. God bless you and thank you for having me. Thank you.
