In remarks at the Rajasthan Centre in Jaipur, India, on Tuesday, Vice President JD Vance shared his vision for the U.S.-India economic relationship.
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00:00self-loathing and fear. I work for a president who has long understood all of this. Whether
00:06through fighting those who seek to erase American history or in support of fair trade deals abroad,
00:12he has been consistent on these issues for decades. And as a result, under the Trump
00:17administration, America now has a government that has learned from the mistakes of the past.
00:23It's why President Trump cares so deeply about protecting the manufacturing economy that is the
00:28lifeblood of American prosperity and making sure America's workers have opportunities for good
00:34jobs. As we saw earlier this month, he will go to extraordinary lengths to protect and expand those
00:40opportunities for all Americans. And so today I come here with a simple message. Our administration
00:46seeks trade partners on the basis of fairness and of shared national interests. We want to build
00:53relationships with our foreign partners who respect their workers, who don't suppress their wages,
00:58to boost exports, but respect the value of their labor. We want partners that are committed to
01:04working with America to build things, not just allowing themselves to become a conduit for
01:09transshipping others' goods. And finally, we want to partner with people and countries who recognize
01:15the historic nature of the moment we're in, of the need to come together and build something truly
01:21new. A system of global trade that is balanced, one that is open, and one that is stable and fair.
01:32Now, I want to be clear. America's partners need not look exactly like America, nor must our governments
01:38do everything exactly the same way. But we should have some common goals. And I believe here in India,
01:44we do in both economics and in national security. And that's why we're so excited. That's why I'm so
01:51excited to be here today. In India, America has a friend, and we seek to strengthen the warm bonds
01:58our great nations already share. Now, critics have attacked my president, President Trump, for starting
02:05a trade war in an effort to bring back the jobs of the past. But nothing could be further from the truth.
02:12He seeks to rebalance global trade so that America, with friends like India, can build a future worth
02:19having for all of our people together. And when President Trump and Prime Minister Modi announced
02:25in February that our countries aim to more than double our bilateral trade to $500 billion by the
02:32end of the decade, I know that both of them meant it. And I'm encouraged by everything our nations are
02:38doing to get us there. As many of you are aware, both of our governments are hard at work on a trade
02:44agreement built on shared priorities, like creating new jobs, building durable supply chains, and achieving
02:51prosperity for our workers. In our meeting yesterday, Prime Minister Modi and I made very good progress on
02:58all of those points. And we are especially excited to formally announce that America and India have
03:04officially finalized the terms of reference for the trade negotiation. I think this is a vital step.
03:11And I believe this is a vital step toward realizing President Trump's and Prime Minister Modi's vision,
03:22because it sets a roadmap toward a final deal between our nations. I believe there is much that America
03:29and India can accomplish together. And on that note, I want to talk about a few areas of collaboration
03:35today, how India and the United States can work together. First, perhaps most importantly, to protect
03:41our nations. Second, to build great things. And finally, to innovate the cutting-edge technologies both
03:48our countries will need in the years to come. Now, on defense, our countries already enjoy a close
03:54relationship, one of the closest relationships in the world. America does more military exercises
04:00with India than we do with any other nation on Earth. The U.S.-India Compact that President Trump
04:06and Prime Minister Modi announced in February will lay the foundation for even closer collaboration
04:11between our countries. From javelins to striker combat vehicles, our nations will co-produce many
04:18of the munitions and equipment that we'll need to deter foreign aggressors. Not because we seek war,
04:24but because we seek peace and we believe the best path to peace is through mutual strength.
04:30And the launching the Joint Autonomous Systems Industry Alliance will enable America and India
04:36to develop the most state-of-the-art maritime systems needed for victory.
04:40It's fitting that India this year is hosting the Quad Leaders Summit this fall. Our interests in a free,
04:47open, peaceful, and prosperous Indo-Pacific are in full alignment.
04:54Both of us know that the region must remain safe from any hostile powers that seek to dominate it.
05:00Growing relations between our countries over the last decade are part of what led America to
05:06designate India a major defense partner, the first of that class. This designation means that India now shares,
05:14with the UAE, a defense and technology infrastructure and partnership with the United States,
05:21on par with America's closest allies and friends. But we actually feel that India has much more to gain from its continued defense partnership with the United States and let me sketch that out a little bit.
05:35We, of course, want to collaborate more. We want to work together more. And we want your nation to buy more of our military equipment,
05:41which, of course, 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.
05:53And 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.
06:05It'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.
06:15As 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 will also benefit India as well.
06:29Past administrations in the United States of America, I think motivated by a fear of the future, have tied our hands and restricted American investments in oil and natural gas production.
06:41This administration recognizes that cheap, dependable energy is an essential part of making things and is an essential part of economic independence for both of our nations.
06:54Of 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.
07:06We 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.
07:20We also want to help India explore its own considerable natural resources, including its offshore natural gas reserves and critical mineral supplies.
07:29We have the capacity, and we have the desire to help. Moreover, we think energy co-production will be able to help.
07:41Give us a nice one.
07:46Good afternoon.
07:51Here we have our place.
07:56Vamos to help our future.
07:58If a person can find the American energy exchange at plant services, we will reach out to our aunts in a natural caseVer.