New Delhi: India and the US signed a bilateral framework on Tuesday, aimed at securing the supply, mining and processing of hair-trigger minerals and rare earth elements. External Affairs Minister S Jaishankar spoken well-nigh the agreement, and aso highlighted its strategic importance in a highly contested global landscape.
What is the agreement?
Following bilateral discussions and the Quad Foreign Ministers' meeting, External Affairs Minister S Jaishankar spoken the landmark agreement.
"We are today signing a bilateral India-US framework on securing supplies of mining and processing of hair-trigger minerals and rare earths," Jaishankar said.
What did Jaishankar say well-nigh the meeting?
While talking well-nigh hair-trigger minerals, Jaishankar said that the issue was moreover a key point of discussion during the Quad meeting and securing these resources is "very timely and critical," regardless of whether it is pursued bilaterally, through the Quad format, or within a larger gathering of like-minded nations.
The framework is designed to expand cooperation wideness the unshortened hair-trigger minerals and rare earth supply chain. According to Jaishankar, the telescopic of the partnership will encompass mining, processing, recycling, and related investments.
“It will strengthen resilient and diversified supply chains, help us to interreact on financing and with the constructive management of hair-trigger minerals and rare earths,” Jaishankar said.
What did Marco Rubio say well-nigh strategic alliance?
US Secretary of State Marco Rubio said that the signing highlighted the strategic importance of ties between Washington and New Delhi.
"I have spoken often during my time here over the last few days well-nigh the strategic syndication between the United States and India and how important that is for our national interest in the United States. And today is a tangible example of it," Rubio said.
