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S Jaishankar, Marco Rubio Discuss Bilateral Trade & Global Issues

External Affairs Minister S. Jaishankar met with US Secretary of State Marco Rubio on October 27 to discuss strengthening India-US bilateral relations, regional developments, and global issues.

The meeting took place on the sidelines of the ASEAN Summit being hosted in Kuala Lumpur, Malaysia. The talks come at a crucial time, as India and the United States are reportedly in the final stages of negotiating a bilateral trade agreement, which officials say is very close to conclusion. So far, five rounds of negotiations have been completed for the first phase of this long-awaited deal.

India-US Trade Deal in Final Stages

The meeting comes at a crucial time as both countries are close to finalizing the first phase of a bilateral trade deal. According to senior officials, the agreement is “very near conclusion,” following five successful rounds of negotiations.

The trade pact is expected to boost cooperation across sectors such as energy, technology, and defense, and address ongoing tariff disputes. The United States remains one of India’s largest trading partners, with bilateral trade surpassing $190 billion in 2024, according to official data. Ahead of his meeting with Jaishankar, Secretary Rubio emphasized that while the US is looking to expand its strategic engagement with Pakistan, it will not come at the expense of its ‘deep, historic, and important’ ties with India.

Jaishankar’s ASEAN Engagements

Before his meeting with Rubio, Jaishankar held separate talks with Malaysian Prime Minister Anwar Ibrahim, Singapore’s Foreign Minister Vivian Balakrishnan, and Thailand’s Foreign Minister.

Speaking to journalists, Rubio noted that the US values its relationship with India and understands New Delhi’s mature and pragmatic approach to diplomacy. “India has relationships with countries we don’t share ties with, and that’s part of how major powers manage global affairs,” he said.

The Association of Southeast Asian Nations (ASEAN) summit, hosted by Malaysia this year, serves as a key platform for strategic dialogue. India, along with the US, China, Japan, and Australia, is a dialogue partner of the influential 11-nation grouping. Jaishankar’s engagements reflect India’s focus on strengthening its Act East Policy, aimed at deepening political and economic ties with Southeast Asia.

Navigating Complex Global Dynamics

In recent months, India-US relations have faced challenges over trade tariffs and differing positions on energy security. The US imposed a 50% tariff on certain Indian goods, including a 25% levy linked to India’s Russian oil purchases. However, both sides have continued to emphasize dialogue and cooperation to resolve trade disputes and expand mutual economic opportunities.

The ongoing high-level discussions reflect a shared commitment to maintaining stability and growth in the Indo-Pacific and ensuring that bilateral relations remain resilient amid shifting global alignments. As the India-US trade pact nears its conclusion, both nations appear poised to enter a new phase of partnership — one built on shared democratic values, strategic cooperation, and a mutual vision for a secure, prosperous Indo-Pacific region.

Served from Contabo · panel.213-136-92-99.nip.io · 2026-05-27 10:17:45 UTC