President Donald Trump on Wednesday announced the United States and Pakistan have agreed to a trade deal and the U.S. will develop the “massive” oil reserves of the South Asian country – a development signifying expanding bilateral ties.
Trump, while announcing the deal just a couple of days before August 1 deadline for high tariffs, also wondered once Pakistan’s oil reserves are developed, the country might one day also sell oil to India. oil reserves
“We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil reserves.
“We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!” oil reserves
Pakistan’s ‘Digital Pivot’ in Washington – A New Dawn with Trump
Trump’s comments about Pakistan possibly selling oil to India sounded significant in the statement.
India and Pakistan fought a deadly conflict in May and only agreed to a ceasefire on May 10 after President Trump intervened.
The U.S. president has expressed displeasure at India not reaching a trade deal before August 1 deadline when the countries would face high tariffs on goods exported to the United States.
Pakistan says ‘just days’ away from US trade deal as top diplomats discuss mineral collaboration
He announced a 25% plus tariff on Indian imports into the United States earlier in the morning.
Pakistan’s deputy prime minister and foreign minister Ishaq Dar had indicated earlier this week that the two countries were just days away from reaching a trade deal.
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Ali Imran is a Washington-based journalist, who has worked for leading world news organizations as correspondent, expert and in editorial positions. He is a published author and poet.
