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PM Modi, President Biden hold wide-ranging talks on boosting trade, investment and defence ties

Prime Minister Narendra Modi meets US President Joe Biden in Tokyo on Tuesday.

Prime Minister Narendra Modi held wide-ranging bilateral talks with US President Joe Biden in Tokyo on Tuesday on ways to strengthen trade, investment, technology and defence ties between the two countries.

"Our trade and investment relations are also steadily on the rise but they are below our potential. I am confident that with the conclusion of the US Investment Incentive Agreement we will see concrete progress in investment between our two countries," PM Modi told the US President.

The Prime Minister said people-to-people ties and strong economic cooperation make India-US partnership unique.

The US President said, “Mr Prime Minister, there is so much that our countries can and will do together. I'm committed to making the US-India partnership among the closest we have on earth,”. The bilateral meeting was held on the sidelines of the Indo-Pacific summit.

The talks took place shortly after the leaders of the Quad nations–Australia, India, Japan, and the United States–met for the fourth time and the second time in person.

"Advancing Comprehensive Global Strategic Partnership Warm & wide-ranging talks held between PM @narendramodi and @POTUS @JoeBiden on bilateral, regional & global matters. Leaders noted with satisfaction the frequency of bilateral dialogues and engagements across levels," External Affairs Ministry Spokesperson Arindam Bagchi said in a tweet.

"Discussed ways to strengthen cooperation in trade, investment, technology, defence, P2P ties between the two countries. Concluded with substantive outcomes adding depth and momentum to the bilateral partnership," Bagchi added.

During the bilateral meeting with Biden, PM Modi said, "India and US partnership in the true sense is a partnership of trust. Our common interests and values have strengthened this bond of trust between our two countries."

The Prime Minister said that India and the US share similar views on the Indo-Pacific.

"We share similar views on Indo-Pacific, at the bilateral level as well as with like-minded countries to work to protect our common concerns. Our discussions today will give speed to this positive momentum," he added.

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