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Business

US is 'very close' to finalising a trade deal with India: Marco Rubio

Business Standard ·
US is 'very close' to finalising a trade deal with India: Marco Rubio

The US is "very close" to finalising a trade deal with India, Secretary of State Marco Rubio said on Monday, suggesting that the waiver from tariffs for buying Russian oil was linked to the decision.

"We're trying to finalise the trade deal with India right now.

We're very close to doing that.

So that's one of the things we take into consideration when the President makes a decision about national security waivers and things of that nature," Rubio told reporters in Samarkand, Uzbekistan.

Rubio is set to travel to India and meet External Affairs Minister S Jaishankar in Mumbai to discuss issues ranging from energy, trade, defence, critical and emerging technologies and other key areas of bilateral cooperation.

Rubio appeared to acknowledge the reasons for India to continue buying oil from Russia, an issue that has been the focus of talks between him and Jaishankar since the US passed the Sanctioning Russia and Iran Act in September.

"You also can't unravel the economy of other ...

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