U.S. President Trump has very good relationship with PM Modi, trade deal announcement soon: White House

With less than two weeks left before the critical July 9 deadline, both sides are working to finalise the Bilateral Trade Agreement.

White House Press Secretary Karoline Leavitt praised India’s role as a strategic ally in the Indo-Pacific region during a press briefing on Monday (June 30, 2025). She also highlighted the strong personal relationship between U.S. President Donald Trump and Prime Minister Narendra Modi.

With less than two weeks left before the critical July 9 deadline, both sides are working to finalise the Bilateral Trade Agreement.

White House Press Secretary Karoline Leavitt praised India’s role as a strategic ally in the Indo-Pacific region during a press briefing on Monday (June 30, 2025). She also highlighted the strong personal relationship between U.S. President Donald Trump and Prime Minister Narendra Modi.

Responding to a question from ANI about how the U.S. views China’s influence in the Indo-Pacific region, Ms. Leavitt said, “India remains a very strategic ally in the Asia Pacific and the President has a very good relationship with Prime Minister Modi, and he will continue to have that.”

Addressing the media, Ms. Leavitt said, “Yes, the President said that last week [that the US and India are very close to a trade deal], and it remains true. I just spoke to our Secretary of Commerce about it. He was in the Oval Office with the President. They are finalising these agreements, and you’ll hear from the President and his trade team very soon when it comes to India.”

Her remarks follow President Trump’s recent statement expressing optimism about securing a trade deal with India. While addressing a question on reciprocal tariffs, Mr. Trump said the U.S. was seeking “full trade barrier dropping” and greater access to the Indian market, though he admitted uncertainty about achieving that goal.

“India, I think we are going to reach a deal where we have the right to go and do trade. Right now, it’s restricted. You can’t walk in there, you can’t even think about it. We are looking to get a full trade barrier dropping, which is unthinkable and I am not sure that that is going to happen. But as of this moment, we agree that going to India and trade...” Mr. Trump said.

With less than two weeks left before the critical July 9 deadline, both sides are working to finalise the Bilateral Trade Agreement (BTA) during the 90-day pause on tariff escalations.

External Affairs Minister S. Jaishankar is currently in the United States to attend the QUAD Foreign Ministers’ Meeting. On Monday, he inaugurated an exhibition at the United Nations titled “The Human Cost of Terrorism,” which aims to draw global attention to state-sponsored terrorism.

The QUAD is a diplomatic partnership between Australia, India, Japan, and the United States. It is committed to supporting an open, stable, and prosperous Indo-Pacific that is inclusive and resilient. The grouping’s origin traces back to the joint humanitarian response to the December 2004 Indian Ocean tsunami.

Earlier, on June 18, it was confirmed that U.S. President Donald Trump accepted Prime Minister Modi’s invitation to attend the upcoming QUAD Summit in New Delhi later this year. Foreign Secretary Vikram Misri had shared details of the phone conversation that took place between the two leaders on the sidelines of the G7 Summit in Canada.

“For the next meeting of QUAD, PM Modi invited President Trump to India. While accepting the invitation, President Trump said that he is excited to come to India,” Mr. Misri said in a video message. (Published - July 01, 2025 06:57 am IST)

Ref: The Hindu

With less than two weeks left before the critical July 9 deadline, both sides are working to finalise the Bilateral Trade Agreement.

White House Press Secretary Karoline Leavitt praised India’s role as a strategic ally in the Indo-Pacific region during a press briefing on Monday (June 30, 2025). She also highlighted the strong personal relationship between U.S. President Donald Trump and Prime Minister Narendra Modi.

Responding to a question from ANI about how the U.S. views China’s influence in the Indo-Pacific region, Ms. Leavitt said, “India remains a very strategic ally in the Asia Pacific and the President has a very good relationship with Prime Minister Modi, and he will continue to have that.”

Addressing the media, Ms. Leavitt said, “Yes, the President said that last week [that the US and India are very close to a trade deal], and it remains true. I just spoke to our Secretary of Commerce about it. He was in the Oval Office with the President. They are finalising these agreements, and you’ll hear from the President and his trade team very soon when it comes to India.”

Her remarks follow President Trump’s recent statement expressing optimism about securing a trade deal with India. While addressing a question on reciprocal tariffs, Mr. Trump said the U.S. was seeking “full trade barrier dropping” and greater access to the Indian market, though he admitted uncertainty about achieving that goal.

“India, I think we are going to reach a deal where we have the right to go and do trade. Right now, it’s restricted. You can’t walk in there, you can’t even think about it. We are looking to get a full trade barrier dropping, which is unthinkable and I am not sure that that is going to happen. But as of this moment, we agree that going to India and trade...” Mr. Trump said.

With less than two weeks left before the critical July 9 deadline, both sides are working to finalise the Bilateral Trade Agreement (BTA) during the 90-day pause on tariff escalations.

External Affairs Minister S. Jaishankar is currently in the United States to attend the QUAD Foreign Ministers’ Meeting. On Monday, he inaugurated an exhibition at the United Nations titled “The Human Cost of Terrorism,” which aims to draw global attention to state-sponsored terrorism.

The QUAD is a diplomatic partnership between Australia, India, Japan, and the United States. It is committed to supporting an open, stable, and prosperous Indo-Pacific that is inclusive and resilient. The grouping’s origin traces back to the joint humanitarian response to the December 2004 Indian Ocean tsunami.

Earlier, on June 18, it was confirmed that U.S. President Donald Trump accepted Prime Minister Modi’s invitation to attend the upcoming QUAD Summit in New Delhi later this year. Foreign Secretary Vikram Misri had shared details of the phone conversation that took place between the two leaders on the sidelines of the G7 Summit in Canada.

“For the next meeting of QUAD, PM Modi invited President Trump to India. While accepting the invitation, President Trump said that he is excited to come to India,” Mr. Misri said in a video message. (Published - July 01, 2025 06:57 am IST)

Ref: The Hindu

China resume Japan seafood import

Japan government producers welcome China’s restart of imports of Japanese seafood. China said it has restarted procedures to permit seafood imports from Japan, except for products from some areas.

It suspended the imports about two years ago after Japan began releasing treated and diluted water into the ocean from a crippled nuclear power plant. Officials at China’s General Administration of Customs announced on Sunday that they were allowing the import resumption from the same day.

Japan government producers welcome China’s restart of imports of Japanese seafood. China said it has restarted procedures to permit seafood imports from Japan, except for products from some areas.

It suspended the imports about two years ago after Japan began releasing treated and diluted water into the ocean from a crippled nuclear power plant. Officials at China’s General Administration of Customs announced on Sunday that they were allowing the import resumption from the same day.

Tokyo and Beijing agreed in May on requirements for the move.  The officials noted that imports from 10 prefectures, including Fukushima, Miyagi and Tokyo, will remain banned. They said imports will be permitted after Japanese businesses have their processing and other facilities registered with Chinese authorities. 

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Japan government producers welcome China’s restart of imports of Japanese seafood. China said it has restarted procedures to permit seafood imports from Japan, except for products from some areas.

It suspended the imports about two years ago after Japan began releasing treated and diluted water into the ocean from a crippled nuclear power plant. Officials at China’s General Administration of Customs announced on Sunday that they were allowing the import resumption from the same day.

Tokyo and Beijing agreed in May on requirements for the move.  The officials noted that imports from 10 prefectures, including Fukushima, Miyagi and Tokyo, will remain banned. They said imports will be permitted after Japanese businesses have their processing and other facilities registered with Chinese authorities. 

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U.S. GDP shrinks first time in three years

U.S. economy shrank for the first time in three years in the first quarter of this year, according to data released Thursday by the U.S. Commerce Department. U.S. gross domestic product dropped 0.5 percent in the January-March period from a year ago, the Commerce Department reported Thursday in its final report.

U.S. economy shrank for the first time in three years in the first quarter of this year, according to data released Thursday by the U.S. Commerce Department. U.S. gross domestic product dropped 0.5 percent in the January-March period from a year ago, the Commerce Department reported Thursday in its final report.

Growth in the first quarter was stifled by rising imports as U.S. firms scrambled to purchase foreign goods before sweeping tariffs took effect. This occurred as U.S. President Donald Trump implemented sweeping tariffs against most trading partners that could roil the global economy.

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U.S. economy shrank for the first time in three years in the first quarter of this year, according to data released Thursday by the U.S. Commerce Department. U.S. gross domestic product dropped 0.5 percent in the January-March period from a year ago, the Commerce Department reported Thursday in its final report.

Growth in the first quarter was stifled by rising imports as U.S. firms scrambled to purchase foreign goods before sweeping tariffs took effect. This occurred as U.S. President Donald Trump implemented sweeping tariffs against most trading partners that could roil the global economy.

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Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing, met with Chairman of the Board of the Eurasian Economic Commission (EEC) Mr. Bakytzhan Abdirovich Sagintayev, at the Minsk International Exhibition Center BELEXPO in the morning on June 26. 

During the meeting, the EEC Board Chairman warmly welcomed the SAC Chairman and Prime Minister and his delegation. He expressed that the Prime Minister's personal attendance at the 4th Eurasian Economic Forum (EEF 2025) would further foster cooperation. 

Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing, met with Chairman of the Board of the Eurasian Economic Commission (EEC) Mr. Bakytzhan Abdirovich Sagintayev, at the Minsk International Exhibition Center BELEXPO in the morning on June 26. 

During the meeting, the EEC Board Chairman warmly welcomed the SAC Chairman and Prime Minister and his delegation. He expressed that the Prime Minister's personal attendance at the 4th Eurasian Economic Forum (EEF 2025) would further foster cooperation. 

The SAC Chairman and Prime Minister responded by stating his belief that this meeting would provide impetus for the practical implementation of cooperation between Myanmar and the member states of the Eurasian Economic Union (EAEU). He noted that a Memorandum of Cooperation between Myanmar and the EAEU was signed in 2023. 

He also expressed hope and belief that through the implementation of this memorandum, Myanmar could advance to the status of an EAEU observer state. He further emphasized that Myanmar would work to strengthen and expand cooperation through tangible actions. 

The SAC Chairman and Prime Minister and the EEC Board Chairman then engaged in a frank and open exchange of views on various issues included promoting economic cooperation between Myanmar and EAEU member states, technical and collaborative initiatives to enhance Myanmar's agriculture, transportation, mining technology, and energy sectors, accelerating economic and trade opportunities through direct trade and investment between Myanmar and EAEU member states, as well as by organizing commodity exhibitions and forums, Myanmar's ambition to achieve observer status in the EAEU, and the potential for developing numerous positive economic cooperation prospects. 

The meeting was attended by SAC Joint Secretary General Ye Win Oo, SAC member General Nyo Saw, Deputy Prime Minister and Union Minister for Foreign Affairs U Than Swe, Union Minister for Investment and Foreign Economic Relations Dr. Kan Zaw, Deputy Ministers, Myanmar Ambassador to Belarus U Thit Lin Ohn, and other officials from Myanmar.

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Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing, met with Chairman of the Board of the Eurasian Economic Commission (EEC) Mr. Bakytzhan Abdirovich Sagintayev, at the Minsk International Exhibition Center BELEXPO in the morning on June 26. 

During the meeting, the EEC Board Chairman warmly welcomed the SAC Chairman and Prime Minister and his delegation. He expressed that the Prime Minister's personal attendance at the 4th Eurasian Economic Forum (EEF 2025) would further foster cooperation. 

The SAC Chairman and Prime Minister responded by stating his belief that this meeting would provide impetus for the practical implementation of cooperation between Myanmar and the member states of the Eurasian Economic Union (EAEU). He noted that a Memorandum of Cooperation between Myanmar and the EAEU was signed in 2023. 

He also expressed hope and belief that through the implementation of this memorandum, Myanmar could advance to the status of an EAEU observer state. He further emphasized that Myanmar would work to strengthen and expand cooperation through tangible actions. 

The SAC Chairman and Prime Minister and the EEC Board Chairman then engaged in a frank and open exchange of views on various issues included promoting economic cooperation between Myanmar and EAEU member states, technical and collaborative initiatives to enhance Myanmar's agriculture, transportation, mining technology, and energy sectors, accelerating economic and trade opportunities through direct trade and investment between Myanmar and EAEU member states, as well as by organizing commodity exhibitions and forums, Myanmar's ambition to achieve observer status in the EAEU, and the potential for developing numerous positive economic cooperation prospects. 

The meeting was attended by SAC Joint Secretary General Ye Win Oo, SAC member General Nyo Saw, Deputy Prime Minister and Union Minister for Foreign Affairs U Than Swe, Union Minister for Investment and Foreign Economic Relations Dr. Kan Zaw, Deputy Ministers, Myanmar Ambassador to Belarus U Thit Lin Ohn, and other officials from Myanmar.

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4th Eurasian Economic Forum kicks off in Minsk

THE fourth Eurasian Economic Forum kicked off here on Thursday to boost cooperation within the Eurasian Economic Union (EAEU). Belarus, which holds the EAEU chairmanship in 2025, is hosting the forum alongside the meeting of the Supreme Eurasian Economic Council, where the heads of state of EAEU member countries gather together.

THE fourth Eurasian Economic Forum kicked off here on Thursday to boost cooperation within the Eurasian Economic Union (EAEU). Belarus, which holds the EAEU chairmanship in 2025, is hosting the forum alongside the meeting of the Supreme Eurasian Economic Council, where the heads of state of EAEU member countries gather together.
The forum, with the theme of “Strategy of Eurasian Economic Integration: Results and Prospects,” will last for two days. A total of 35 events will take place within the framework of the forum, which will be attended by more than 2,700 people from more than 30 countries.
The forum is an annual business event of the EAEU. It is a platform for business leaders, government officials, and representatives from EAEU member states, third countries, and international organizations to discuss economic collaboration. — Xinhua

Source: GNLM

THE fourth Eurasian Economic Forum kicked off here on Thursday to boost cooperation within the Eurasian Economic Union (EAEU). Belarus, which holds the EAEU chairmanship in 2025, is hosting the forum alongside the meeting of the Supreme Eurasian Economic Council, where the heads of state of EAEU member countries gather together.
The forum, with the theme of “Strategy of Eurasian Economic Integration: Results and Prospects,” will last for two days. A total of 35 events will take place within the framework of the forum, which will be attended by more than 2,700 people from more than 30 countries.
The forum is an annual business event of the EAEU. It is a platform for business leaders, government officials, and representatives from EAEU member states, third countries, and international organizations to discuss economic collaboration. — Xinhua

Source: GNLM

SAC Chairman PM Senior General Min Aung Hlaing holds talks with EEC Board Chairman

Myanmar inked a Memorandum of Cooperation with EAEU in 2023 and another MoC with EEC in Saint Petersburg of the Russian Federation in June 2023.

Chairman of the State Administration Council, Prime Minister Senior General Min Aung Hlaing, held a meeting with Chairman of the Board of the Eurasian Economic Commission (EEC) Mr Bakytzhan Abdirovich Sagintayev at Minsk International Exhibition Centre BELEXPO yesterday morning.

Myanmar inked a Memorandum of Cooperation with EAEU in 2023 and another MoC with EEC in Saint Petersburg of the Russian Federation in June 2023.

Chairman of the State Administration Council, Prime Minister Senior General Min Aung Hlaing, held a meeting with Chairman of the Board of the Eurasian Economic Commission (EEC) Mr Bakytzhan Abdirovich Sagintayev at Minsk International Exhibition Centre BELEXPO yesterday morning.

Read more: https://www.gnlm.com.mm/sac-chairman-pm-senior-general-min-aung-hlaing-holds-talks-with-eec-board-chairman/#article-title

Myanmar inked a Memorandum of Cooperation with EAEU in 2023 and another MoC with EEC in Saint Petersburg of the Russian Federation in June 2023.

Chairman of the State Administration Council, Prime Minister Senior General Min Aung Hlaing, held a meeting with Chairman of the Board of the Eurasian Economic Commission (EEC) Mr Bakytzhan Abdirovich Sagintayev at Minsk International Exhibition Centre BELEXPO yesterday morning.

Read more: https://www.gnlm.com.mm/sac-chairman-pm-senior-general-min-aung-hlaing-holds-talks-with-eec-board-chairman/#article-title

Myanmar eager to join EAEU as member state

Myanmar will actively continue cooperating based on the existing friendship and mutual respect between Myanmar and EAEU, as well as mutually beneficial collaboration and equality.

The Chairman of the State Administration Council, Prime Minister Senior General Min Aung Hlaing, attended the Plenary Session of the 4th Eurasian Economic Forum (EEF 2025) at the Minsk International Exhibition Centre BELEXPO in Minsk, the Republic of Belarus, yesterday evening.

Myanmar will actively continue cooperating based on the existing friendship and mutual respect between Myanmar and EAEU, as well as mutually beneficial collaboration and equality.

The Chairman of the State Administration Council, Prime Minister Senior General Min Aung Hlaing, attended the Plenary Session of the 4th Eurasian Economic Forum (EEF 2025) at the Minsk International Exhibition Centre BELEXPO in Minsk, the Republic of Belarus, yesterday evening.

Read more: https://www.gnlm.com.mm/myanmar-eager-to-join-eaeu-as-member-state/#article-title

Myanmar will actively continue cooperating based on the existing friendship and mutual respect between Myanmar and EAEU, as well as mutually beneficial collaboration and equality.

The Chairman of the State Administration Council, Prime Minister Senior General Min Aung Hlaing, attended the Plenary Session of the 4th Eurasian Economic Forum (EEF 2025) at the Minsk International Exhibition Centre BELEXPO in Minsk, the Republic of Belarus, yesterday evening.

Read more: https://www.gnlm.com.mm/myanmar-eager-to-join-eaeu-as-member-state/#article-title

Lukashenko to chair EAEU summit, attend Eurasian Economic Forum in Minsk

MINSK, 25 June (BelTA) 

The meeting of the Supreme Eurasian Economic Council and the 4th Eurasian Economic Forum will take place in Minsk on 26-27 June. The events will be held during Belarus’ presidency in the Eurasian Economic Union (EAEU) in 2025, the press service of the Belarusian leader told BelTA.

MINSK, 25 June (BelTA) 

The meeting of the Supreme Eurasian Economic Council and the 4th Eurasian Economic Forum will take place in Minsk on 26-27 June. The events will be held during Belarus’ presidency in the Eurasian Economic Union (EAEU) in 2025, the press service of the Belarusian leader told BelTA.

Belarusian President Aleksandr Lukashenko will chair the EAEU summit and, together with other heads of state, will participate in the plenary session of the Eurasian Economic Forum. Delegations from several dozen countries are expected to attend the events.

The Eurasian Economic Forum will begin its work on 26 June. The Minsk International Exhibition Center will host the event. The Belarusian president will participate in the plenary session “The strategy of Eurasian economic integration: Results and prospects”. The forum’s program includes six major thematic blocks comprising 35 events, with more than 2,700 participants from 33 countries expected to attend.

The EAEU summit will be held under the chairmanship of Aleksandr Lukashenko at the Palace of Independence on 27 June. The agenda includes pressing issues of Eurasian integration, such as international cooperation, strategic directions for integration development, liberalization of services within the EAEU, economic cooperation in sports, and the expansion of trade and economic ties with the EAEU’s key partners.

Ref: BeTA News

MINSK, 25 June (BelTA) 

The meeting of the Supreme Eurasian Economic Council and the 4th Eurasian Economic Forum will take place in Minsk on 26-27 June. The events will be held during Belarus’ presidency in the Eurasian Economic Union (EAEU) in 2025, the press service of the Belarusian leader told BelTA.

Belarusian President Aleksandr Lukashenko will chair the EAEU summit and, together with other heads of state, will participate in the plenary session of the Eurasian Economic Forum. Delegations from several dozen countries are expected to attend the events.

The Eurasian Economic Forum will begin its work on 26 June. The Minsk International Exhibition Center will host the event. The Belarusian president will participate in the plenary session “The strategy of Eurasian economic integration: Results and prospects”. The forum’s program includes six major thematic blocks comprising 35 events, with more than 2,700 participants from 33 countries expected to attend.

The EAEU summit will be held under the chairmanship of Aleksandr Lukashenko at the Palace of Independence on 27 June. The agenda includes pressing issues of Eurasian integration, such as international cooperation, strategic directions for integration development, liberalization of services within the EAEU, economic cooperation in sports, and the expansion of trade and economic ties with the EAEU’s key partners.

Ref: BeTA News

india EV

India launched a portal to promote EV car manufacturing. In a bid to boost the domestic manufacturing of electric vehicles, the Indian government on Tuesday, announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India.

India launched a portal to promote EV car manufacturing. In a bid to boost the domestic manufacturing of electric vehicles, the Indian government on Tuesday, announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India.

 The application portal would be open for applications from June 24 till October 21. This scheme has been formulated under the leadership of Prime Minister Narendra Modi, keeping in mind the goals of ‘Net Zero 2070’, ‘Make in India’, and ‘Atmanirbhar Bharat’.  Under this initiative, global Electric Vehicle manufacturers will be able to invest in India.

mitv

India launched a portal to promote EV car manufacturing. In a bid to boost the domestic manufacturing of electric vehicles, the Indian government on Tuesday, announced the portal launch of the application process under the Scheme to Promote Manufacturing of Electric Passenger Cars in India.

 The application portal would be open for applications from June 24 till October 21. This scheme has been formulated under the leadership of Prime Minister Narendra Modi, keeping in mind the goals of ‘Net Zero 2070’, ‘Make in India’, and ‘Atmanirbhar Bharat’.  Under this initiative, global Electric Vehicle manufacturers will be able to invest in India.

mitv

Indonesia’s palm oil exports plunge 39.2% in Apr amid weak global demand

INDONESIA recorded total palm oil exports of 1.78 million tonnes in April 2025, a sharp decline of 39.2 per cent compared to 2.88 mil
lion tonnes in the previous month, the Indonesian Palm Oil Association (GAPKI) announced on Tuesday. “The largest drop occurred in

INDONESIA recorded total palm oil exports of 1.78 million tonnes in April 2025, a sharp decline of 39.2 per cent compared to 2.88 mil
lion tonnes in the previous month, the Indonesian Palm Oil Association (GAPKI) announced on Tuesday. “The largest drop occurred in
processed palm oil products, which fell by 41.7 per cent to 1.24 million tonnes from 2.13 million tonnes,” said Mukti Sardjono, executive director of the GAPKI. Exports to various destination countries also saw significant decreases, particularly to the European Union (EU), India, and the United States, which declined by 156,000 tonnes, 155,000 tonnes, and 113,000 tonnes, respectively.
On a year-on-year basis, palm oil exports from January to April 2025 fell by 3.08 per cent to 9.42 million tonnes, down from 9.71 million tonnes in the same period last year, with the steepest declines seen in exports to India, the EU, China, and Pakistan. — Xinhua

Source: GNLM

INDONESIA recorded total palm oil exports of 1.78 million tonnes in April 2025, a sharp decline of 39.2 per cent compared to 2.88 mil
lion tonnes in the previous month, the Indonesian Palm Oil Association (GAPKI) announced on Tuesday. “The largest drop occurred in
processed palm oil products, which fell by 41.7 per cent to 1.24 million tonnes from 2.13 million tonnes,” said Mukti Sardjono, executive director of the GAPKI. Exports to various destination countries also saw significant decreases, particularly to the European Union (EU), India, and the United States, which declined by 156,000 tonnes, 155,000 tonnes, and 113,000 tonnes, respectively.
On a year-on-year basis, palm oil exports from January to April 2025 fell by 3.08 per cent to 9.42 million tonnes, down from 9.71 million tonnes in the same period last year, with the steepest declines seen in exports to India, the EU, China, and Pakistan. — Xinhua

Source: GNLM