Rubio says India-US trade deal is ‘very, very close’ after Jaishankar meeting
US Secretary of State Marco Rubio stated that negotiations for a trade deal with India are approaching completion. He highlighted discussions with Indian Foreign Minister Subrahmanyam Jaishankar about energy security and defense cooperation. While tensions over tariffs and energy continue to challenge negotiations, both countries aim to deepen their economic ties. Rubio’s visit to India includes…
U.S. Secretary of State Marco Rubio announced on Tuesday that the United States and India are close to finalizing their long-stalled trade deal during a meeting with Indian Foreign Minister Subrahmanyam Jaishankar in Mumbai. Rubio stated, "We’re very, very close. I would say we’re about as close as you can be without having executed the agreement.
I think there’s a small number of items left to wrap up, so I think that will happen shortly." The trade agreement, which has been stalled due to tensions over US tariffs and India’s purchases of Russian oil, is expected to cover key areas of bilateral cooperation, including energy, trade, investment, and defense. Despite recent differences over trade terms and energy ties, both countries remain committed to expanding energy cooperation and diversifying energy suppliers to maintain market stability and keep prices affordable.
Rubio's visit to India also includes a stop at Reliance Industries' Jamnagar refinery, the world's largest refining complex, and meetings with business leaders.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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