'As Close As You Can Be': Marco Rubio Signals Imminent India-US Trade Deal
US Secretary of State Marco Rubio reveals that the India-US trade deal is almost finished, with an announcement expected shortly.
In a significant boost to bilateral economic ties, US Secretary of State Marco Rubio has indicated that a long-awaited India-US trade deal is nearing completion. Speaking to reporters in Mumbai on Tuesday, Rubio expressed strong optimism, suggesting that the two nations are on the verge of finalizing an agreement that could reshape commercial relations between the world's largest democracy and the United States.
Trade Deal on the Horizon
While clarifying that the State Department does not lead the direct negotiations for trade pacts, Rubio emphasized that he and the US National Security Advisor are deeply invested in the progress. He described the current status of the agreement as being "about as close as you can be without having executed the agreement."
According to Rubio, only a small number of items remain to be resolved. He noted that the US is hopeful for a swift resolution, stating, "I think that will happen shortly... hopefully have some good news to announce soon and sign it thereafter."
India's Role as a 'Refining Superpower'
Beyond trade, Rubio's visit touched upon critical energy security and petroleum procurement. He praised India's strategic decision to diversify its oil sources, calling it a prudent move. A key point of discussion involves India's potential role in handling oil production from Venezuela.
Rubio highlighted India's unique industrial strengths, stating:
"India is a refining superpower. They have the capability to refine heavy crude."
He mentioned that the American delegation plans to meet with Reliance to discuss Venezuelan oil. While acknowledging that sanctions might present some hurdles that need to be navigated, Rubio believes India is ready and willing to leverage its existing oil concessions in Venezuela to help stabilize global energy needs.
Strengthening Strategic Ties
The Secretary of State underscored the immense importance of India to the United States, citing its status as the most populous country and a vital member of the Quad. He pointed out the high frequency of diplomatic engagement, noting that India's Foreign Minister has visited the US four times this year alone.
Rubio stressed that the partnership extends far beyond commerce, encompassing deep defense cooperation and shared strategic interests. He suggested that the US needs to increase the frequency of such high-level visits to further solidify the bond.
Global Geopolitics and Arms Control
During his interaction with the press, Rubio also addressed several pressing international issues:
- Ukraine Conflict: He dismissed reports that the Trump administration was deliberately withholding Patriot interceptor missiles from Ukraine, stating that nothing was being intentionally denied to Kyiv. He added that Donald Trump has been frustrated by claims that he is undermining Ukraine's efforts.
- Arms Control: Rubio remarked that any constructive dialogue regarding arms control involving the United States, Russia, and China would be a positive development for global stability.
The Secretary of State's visit concludes with a scheduled meeting with External Affairs Minister S Jaishankar, where these strategic and economic priorities are expected to be further detailed.