Home / Economy / News / Donald Trump's visit: No trade deal, but India and US sign three MoUs

Donald Trump's visit: No trade deal, but India and US sign three MoUs

India and US signed three MoUs as part of the ongoing trade talks between the two nations. These are safety of medical products, liquefied natural gas (LNG) access in India, and mental health

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President Ram Nath Kovind, India’s First Lady Savita Kovind, Prime Minister Narendra Modi, Trump and US First Lady Melania Trump during the ceremonial reception, at Rashtrapati Bhawan | PTI

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2 min read Last Updated : Feb 25 2020 | 9:47 PM IST

MEDICAL DEVICES

The Central Drugs Standard Control Organization and the US Food and Drug Administration are the parties to the MoU. Sources claimed the two nations would focus on information exchange to help in capacity building.

The talks were expected to centre around medical devices, mostly the pricing regulation that India has on devices like cardiac stents. The US medical devices lobby is unhappy with the price regulations and proposals of trade margin rationalisation of devices and has indicated that such regulations hamper the introduction of innovative devices here.

Topics : US India relations

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