logo
Argentina visit: PM Modi receives 'key to city of Buenos Aires'; symbolic gesture of friendship, mutual trust

Argentina visit: PM Modi receives 'key to city of Buenos Aires'; symbolic gesture of friendship, mutual trust

Time of India14 hours ago
PM Modi receives key to the city of Buenos Aires from Jorge Macri, chief of the city government of Buenos Aires (Image credits: X @narendramodi)
Prime Minister Narendra Modi was conferred the Key to the City of Buenos Aires on Saturday during his visit to Argentina- a symbolic honour signifying the friendship and mutual trust between India and Argentina.
In a post on X, PM Modi said, 'It is an honor to receive the Key to the City of Buenos Aires from Mr. Jorge Macri, Head of Government of the City of Buenos Aires.'
This visit marked the first bilateral trip by an Indian Prime Minister to Argentina in 57 years. PM Modi had previously visited the country in 2018 to attend the G20 Summit.
He arrived at Ezeiza International Airport on Friday evening (local time) and was given a ceremonial welcome.
During the visit, PM Modi held wide-ranging talks with Argentine President Javier Milei. The discussions focused on strengthening cooperation in key areas such as defence, agriculture, mining, oil and gas, renewable energy, trade, and investment.
PM Modi called his Argentina visit 'productive,' expressing confidence that his talks with President Milei would give a strong boost to India-Argentina ties.
'My visit to Argentina has been a productive one.
I am confident that our discussions will add significant momentum to our bilateral friendship and fulfil the strong potential that exists,' PM Modi posted on X, thanking President Milei, the Argentine government, and its people for their warm welcome.
During the meeting, the two leaders explored ways to expand cooperation in key sectors such as trade, agriculture, defence, energy, and security. PM Modi also highlighted new opportunities in pharmaceuticals and sports.
While in Buenos Aires, PM Modi paid homage to Mahatma Gandhi and Rabindranath Tagore.
Argentina was the third stop on PM Modi's five-nation tour. Earlier, he visited Trinidad and Tobago, where he was awarded the Order of the Republic -- the nation's highest civilian honour.
The Prime Minister has now arrived in Rio de Janeiro, Brazil, where he will attend the Brics Summit, the fourth leg of his ongoing trip.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India draws red lines on key sectors as interim trade deal with US nears July 9 deadline: Report
India draws red lines on key sectors as interim trade deal with US nears July 9 deadline: Report

First Post

time25 minutes ago

  • First Post

India draws red lines on key sectors as interim trade deal with US nears July 9 deadline: Report

With India setting its red lines on key issues in sectors such as agriculture and dairy for the proposed interim trade agreement with the US, the ball is now in Washington's court to finalise the deal, sources said. read more India has set clear red lines on critical sectors such as agriculture and dairy in negotiations for an interim trade agreement with the United States, leaving the next move to Washington, official sources said. The two sides are working against a fast-approaching July 9 deadline, which marks the end of a 90-day suspension period for the 26% reciprocal tariffs imposed by the US on Indian goods. These additional duties announced on April 2 as part of broader tariff hikes on dozens of countries were temporarily held back to allow space for trade negotiations. STORY CONTINUES BELOW THIS AD 'If the proposed trade talks fail, the 26 per cent tariffs will come into force again,' one of the sources said. India is seeking full exemption from the 26% tariff, though the 10% baseline duty remains in place. Officials said that if all contentious issues are resolved, an interim pact could be announced before the deadline. In February, India and the US launched formal talks for a broader bilateral trade agreement (BTA), with both countries aiming to conclude the first phase of the BTA by fall (September–October). The interim deal is intended as a stepping stone toward that goal. 'India has drawn its red lines… now the ball is in the US court,' a source told PTI, adding that resolution on agriculture and dairy sectors that have historically proved sensitive will be key to concluding the interim agreement. Commerce Minister Piyush Goyal last week stated that India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the US only when it is fully finalised, properly concluded and in the national interest. FTAs are possible only when both sides get benefitted and it should be a win-win agreement, he has said. 'National interest should always be supreme. Keeping that in mind, if a deal is made then India is always ready to deal with developed countries,' Goyal had said on July 4. The Indian team returned from Washington last week after holding talks with the US on an interim trade pact. Differences are also there on steel, aluminium (50 per cent) and auto (25 per cent) tariffs. STORY CONTINUES BELOW THIS AD India has hardened its position on giving duty concessions to the US on agriculture and dairy products as both are sensitive subjects. India has never opened the dairy sector in any of the previous trade pacts signed. US President Donald Trump last week said his administration is sending letters to the first batch of 10-12 countries, sharing details of reciprocal tariff rates and the entire process could be completed by July 9. His comments came amid increasing suspense in India on whether New Delhi and Washington would be able to firm up a much-anticipated trade deal before the US president's tariff deadline ends. He has, however, not named the countries. The president has stated that the reciprocal tariffs would come into effect from August 1. While the US is looking at duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, and agriculture items such as apples, tree nuts, and alfalfa hay; India may look at duty cuts for labour-intensive sectors like apparels, textiles, gems and jewellery, leather, plastics, chemicals, oil seeds, shrimp, and horticulture products. STORY CONTINUES BELOW THIS AD The US is India's largest trading partner from 2021-22. During 2024-25, the bilateral trade in goods stood at USD 131.84 billion (USD 86.51 billion worth of exports, USD 45.33 billion of imports and USD 41.18 billion trade surplus). India's merchandise exports to the US rose 21.78 per cent to USD 17.25 billion in April-May this fiscal year, while imports rose 25.8 per cent to USD 8.87 billion. The two-way trade in services expanded from USD 54.1 billion in 2018 to an estimated USD 70.5 billion in 2024. India is also a key destination for American businesses such as professional, scientific, and technical services, manufacturing, and IT. The US accounts for about 18 per cent of India's total goods exports and over 6 per cent in imports and about 11 per cent in bilateral trade. India received USD 70.65 billion between April 2000 and March 2025, making Washington the third largest investor. In 2024, India's main exports to the US included drug formulations and biologicals (USD 8.1 billion), telecom instruments (USD 6.5 billion), precious and semi-precious stones (USD 5.3 billion), petroleum products (USD 4.1 billion), gold and other precious metal jewellery (USD 3.2 billion), ready-made garments of cotton, including accessories (USD 2.8 billion), and products of iron and steel (USD 2.7 billion). STORY CONTINUES BELOW THIS AD Imports included crude oil (USD 4.5 billion), petroleum products (USD 3.6 billion), coal, coke (USD 3.4 billion), cut and polished diamonds (USD 2.6 billion), electric machinery (USD 1.4 billion), aircraft, spacecraft and parts (USD 1.3 billion), and gold (USD 1.3 billion). With inputs from agencies

'World Bodies Without Global South Are Like Phones Without SIM Cards': PM Modi At BRICS Summit
'World Bodies Without Global South Are Like Phones Without SIM Cards': PM Modi At BRICS Summit

News18

time26 minutes ago

  • News18

'World Bodies Without Global South Are Like Phones Without SIM Cards': PM Modi At BRICS Summit

Last Updated: PM Modi claimed that two-thirds of humanity has not been adequately represented in the global institutions which have been formed in the 20th century. Prime Minister Narendra Modi on Sunday strongly batted for Global South and vouched for multipolar and inclusive world order in global organistaions. While addressing the 17th BRICS Summit in Brazil's Rio de Janeiro, the Indian primer said that the Global South nations have often been the victims of double standards. He said that the concerns regarding development, resource allocation, or security, have consistently been overlooked by the global organisations. He further said that when it comes to crucial issues like climate finance, sustainable development, and access to technology, they've only ever received superficial attention. PM Modi also claimed that two-thirds of humanity has not been adequately represented in the global institutions which have been formed in the 20th century. 'The countries which have a major contribution in today's global economy have not been given a place at the decision making table. This is not just a question of representation, but also of credibility and effectiveness. Without the Global South, these institutions seem like a mobile with a SIM card but no network," he said. In a veiled jibe at the global organisations, viz, the United Nations (UN), PM Modi said that these institutions are unable to deal with the challenges of the 21st century. 'Whether it is the ongoing conflicts in different parts of the world, pandemic, economic crisis, or the newly emerging challenges in cyber and space, these institutions have no solutions," he added. Further, the Prime Minister emphasised on new multipolar and inclusive world order where the counties, specially of Global South should get proper representation. He said that inclusive world order will have to begin with comprehensive reforms in global institutions. 'Reforms should not be merely symbolic, but their real impact should also be visible. There should be changes in governance structures, voting rights and leadership positions. The challenges of the countries of the Global South should be given priority in policy-making," he added. PM Modi further highlighted the expansion of BRICS group of nations, saying that BRICS is an organisation that has the ability to change itself according to the times. 'Now we will have to show the same willpower for reforms in institutions like UN Security Council, WTO and Multilateral Development Banks," he added. He further emphasised that in the age of AI, where technology is updated every week, It is not acceptable for a global institution not to be updated even once in eighty years. 'Twenty-first century software cannot be run by twentieth century type-writers!" he added. The Prime Minister further said that India is always committed to make constructive contributions on all sectors including reform of global governance, peace and security, strengthening multilateralism, responsible use of artificial intelligence, climate action, global health, and economic and financial matters 'India has always considered it its duty to rise above its own interests and work in the interest of humanity. We are fully committed to make constructive contributions on all subjects, along with the BRICS countries." All About BRICS BRICS, originally formed by Brazil, Russia, India, and China, expanded in 2010 with the inclusion of South Africa. In a major development in 2024, the group extended membership to six additional countries: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. Indonesia is also expected to formally join the bloc soon, following a unanimous decision made at the 2023 BRICS Summit. Notably, BRICS unites eleven major emerging economies, collectively accounting for approximately 49.5 per cent of the global population, about 40 per cent of the world's GDP, and nearly 26 per cent of global trade. PM Modi Arrives In BRICS Summit PM Modi had arrived in Brazil earlier in the day on the fourth leg of his five-nation visit, after wrapping up a historic trip to Argentina on Saturday. This is Prime Minister's fourth visit to Brazil and he is scheduled to undertake a State Visit to Brasilia following the two-day Summit. PM Modi received a warm and vibrant welcome from the Indian community upon his arrival in Rio de Janeiro. He also witnessed a musical performance of traditional prayer songs. Brazil remains India's largest trading partner in South America, while India ranks as Brazil's ninth-largest trading partner. In the financial year 2024–25, bilateral trade between the two nations reached USD 12.20 billion. Further, Indian companies have a growing presence in Brazil across sectors like pharmaceuticals, automobiles, and energy. About the Author Shobhit Gupta Shobhit Gupta is a sub-editor at and covers India and International news. He is interested in day to day political affairs in India and geopolitics. He earned his BA Journalism (Hons) degree from More Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! First Published:

BRICS remains a powerful force for global good: PM Modi
BRICS remains a powerful force for global good: PM Modi

Economic Times

time26 minutes ago

  • Economic Times

BRICS remains a powerful force for global good: PM Modi

Synopsis Prime Minister Modi highlighted BRICS's strength in economic cooperation as leaders gathered in Rio de Janeiro. The summit, hosted by Brazil, will address West Asia tensions, the Russia-Ukraine conflict, and Global South challenges. Discussions will focus on climate change financing, AI governance, and promoting national currencies for intra-BRICS trade. India is set to assume the BRICS presidency next year. PTI The BRICS remains a powerful force for economic cooperation and global good, Prime Minister Narendra Modi said on Sunday as several top leaders of the member nations of the grouping converged in this seaside Brazilian city to hold summit talks. Chinese President Xi Jinping and his Russian counterpart Vladimir Putin skipped the summit, being hosted by Brazil in its capacity as the current chair of the influential grouping. The BRICS has emerged as an influential grouping as it brings together 11 major emerging economies of the world, representing around 49.5 per cent of the global population, around 40 per cent of the global GDP and around 26 per cent of the global trade. BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the United Arab Emirates, with Indonesia joining in 2025. Modi arrived here last night on the fourth leg of his five-nation tour. He has already visited Ghana, Trinidad and Tobago and Argentina. The situation in West Asia, the Russia-Ukraine conflict and challenges facing the Global South are likely to figure prominently at the BRICS Summit. "Grateful to President Lula for hosting this year's BRICS Summit in Rio de Janeiro. BRICS remains a powerful force for economic cooperation and global good," Modi said in a social media post after he was welcomed at the venue of the summit by the Brazilian leader. The motto of the Brazilian presidency of BRICS is "Strengthening Global South Cooperation for More Inclusive and Sustainable Governance". The summit will culminate in two high-level declarations on financing the climate change regime and the governance of artificial intelligence. Enhancing the use of national currencies in settling intra-BRICS trade may also figure in the discussions at the summit. India will assume the presidency of BRICS next year.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store