DAILY NEWS ANALYSIS
19 February, 2020
3 Min Read
Syllabus subtopic: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests.
Prelims and Mains focus: about the helicopter deal and its significance; about other deals on the anvil; India-US trade dispute
News: The deal for 24 MH-60R Multi-Role Helicopters (MRH) for the Navy, which is likely to be announced during the visit of U.S. President Donald Trump, is lined up for the final approval of the Cabinet Committee on Security (CCS).
About the deal
All procedural requirements for the deal have been completed. The 24 Lockheed Martin-built helicopters, worth $2.4 billion, are being procured through the Foreign Military Sales route of the U.S. government.
Significance of the deal
Trade deal unlikely
Mr. Trump will visit India on February 24 and 25. With no headway in the talks for a trade deal, there are expectations that a few big-ticket defence deals will be announced.
Other deals in the pipeline
Source: The Hindu
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