Asia Business Politics

Modi and Lee push trade ties

Modi and Lee push trade ties

The summit highlights a strategic reset as both nations seek to deepen ties amid global uncertainty and unpredictable US trade policies.

India has also expanded marine insurance options for Russian vessels, a move aimed at securing oil flows despite Middle East disruptions.

The leaders emphasized a commitment to transforming their partnership into a 'futuristic' alliance focused on high-tech manufacturing and supply chain resilience.

This diplomatic push comes as India prepares for significant electoral battles in states like West Bengal.

Narendra Modi Prime Minister's Office, GODL-India
Narendra Modi
Prime Minister of India since 2014
Lee Jae Myung
President of South Korea since 2025
India
Country in South Asia
South Korea
Country in East Asia
New Delhi
Capital city of India