India, US to increase engagement in oil, energy sector

SINGAPORE: India and the US on Wednesday pledged to further strengthen economic cooperation and increase engagement in the oil and energy sector with a view to boost bilateral trade.

Prime Minister Narendra Modi and US Vice President Mike Pence had “productive discussions on all aspects of global strategic partnership based on growing convergence of interests on regional and global issues” on the sidelines of East Asia Summit here, Ministry of External Affairs spokesman Raveesh Kumar said.

Later briefing reporters, Foreign Secretary Vijay Gokhale said it was a “very good” meeting.

The two sides had brief discussion on trade-related matters.

In a statement, Pence’s office said he encouraged “free, fair, and reciprocal trade with India.”

“We agreed that in a new relationship we are building with the US where trade is expanding, we need to find ways in which we can help that process to take place,” Gokhale said. (AGENCIES)

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