US Very Close to Finalising Trade Deal with India, Says Marco Rubio
Rubio said Washington is weighing energy and sanctions impacts as India remains an important ally and the two sides discuss trade and energy cooperation.
- On Monday, US Secretary of State Marco Rubio indicated that the proposed US-India trade deal is close to finalization, as Washington works to conclude negotiations with New Delhi.
- President Donald Trump waived sanctions-related tariffs on Russian energy importers on Friday, invoking the Lindsey O Graham Sanctioning Russia and Iran Act to prevent duties of up to 100 per cent on nations like India.
- Rubio called India an 'important ally,' noting that the nation faces difficulty pivoting from Russian energy due to global supply pressures, including attacks near the Straits of Hormuz and the Russia-Ukraine war.
- Following his remarks in Tashkent, Rubio is scheduled to visit Mumbai on Tuesday to meet External Affairs Minister S Jaishankar, with discussions expected to cover energy cooperation and strategic developments.
- Washington is utilizing a 60-day analysis period to evaluate the effects of sanctions on global markets, balancing national security considerations with the economic impacts of energy restrictions.
16 Articles
16 Articles
US Secretary of State Marco Rubio expected to arrive in Indian financial capital Mumbai on Tuesday after talks in Uzbekistan with Central Asian nations
'Every country has complex set of factors': Rubio says US 'close to finalising' trade deal with India
US Secretary of State Marco Rubio says the US-India trade deal is close to finalisation ahead of his Mumbai visit to meet S Jaishankar. He also discusses Russian oil sanctions, global energy supplies and the strategic partnership between the two countries.
The Economic Times
Times of IndiaUS very close to finalising trade deal with India, says Marco Rubio
US Secretary of State Marco Rubio said on Monday that Washington is close to finalising a trade deal with India. He said the US considers various factors, including ongoing trade negotiations, while making decisions on national security waivers related to Russian oil and gas sanctions.
US Trade Agreement with India Nears Completion
The United States is reportedly close to finalising a trade agreement with India, as stated by US Secretary of State Marco Rubio. His comments were made in the context of discussing how global energy supplies and national security considerations influence the US’s stance on sanctions related to Russian oil. Rubio come ahead of his scheduled […]
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