External Affairs Minister (EAM), S. Jaishankar, stated on Friday that India is ready for a high level of urgency in the trade negotiations with the US as it has a very tough situation with the Trump administration fundamentally altering America's strategy for interacting with the world.
Addressing the Carnegie Global Technology Summit here, EAM Jaishankar stated that India's trade agreements would be extremely difficult because America is extremely ambitious and the world situation is extremely dissimilar to what it was last year.
"This time we are certainly equipped to meet a highly high level of urgency… we observe a window. So our trade agreements are truly challenging. And with regards to trade agreements, we do a lot of things to one another. I mean these individuals thoroughly on their game, heavily ambitious in whatever they need to get done," Jaishankar added.
The minister further added that just like America has an eye on India, India has an eye on them too.
"We did four years of talking in the first Trump administration. They have their view of us and frankly we have our view of them," he said.
The US has basically altered its way of interacting with the world, and it has implications in all areas, but the tech implications, I think, would be especially deep," he said.
It will be significant not only because the US is the largest economy, the principal mover, so to speak, of worldwide tech developments, but also because it's abundantly evident that tech plays an important part in making America great again. Therefore, there is a linkage between MAGA and tech, which maybe wasn't so apparent between 2016 and 2020," said EAM Jaishankar.
He also highlighted the global power shift that is taking place with China's rising geopolitical clout over the past year.
“The changes in the United States, is one big shift in the last year. But there's the other shift, and that is the advancement of China,” he pointed out.
Jaishankar added that the US-China trade dynamics are driven by trade, and by technology, and the choices driven by China are as significant as the US.
Referring to the seismic shifts in the global geopolitical landscape, EAM Jaishankar noted that even Europe, which had a strategic triangulation with the US, Russia, and China earlier, is now in a strained position.
"Five years ago, I believe Europe had the most favorable geopolitical position. It had achieved the perfect triangulation between the United States, Russia, and China. Now, each side of the triangle is under pressure," he noted.
Jaishankar emphasized the ways in which Japan, South Korea and Taiwan too have attempted to exert a geopolitical influence by virtue of advances in technology.
In this regard, he stated, India is also progressing in the Digital Public Infrastructure and prioritizing semiconductors after decades.
He called upon the experts at the Global Technology Summit to debate the matter and view the technological aspect of the country in a positive manner.
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