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Rubio in India as trade deal nears completion, Reliance refinery visit set

America's top diplomat, Marco Rubio, expects an agreement with New Delhi within weeks. He also visits Reliance's Jamnagar refinery in Gujarat on Wednesday, a key site in Washington's push to curb Russian oil buyers.

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What happened

U.S. Secretary of State Marco Rubio is on a three-day visit to India, meeting Indian Foreign Minister Subrahmanyam Jaishankar in Mumbai to discuss energy cooperation and a trade agreement. Rubio has said only a few issues remain in the trade negotiations and that he anticipates a deal within weeks rather than months. He is scheduled to visit Reliance's Jamnagar refinery in Gujarat on Wednesday.

Why it matters

Rubio said the two countries can help shape the 21st century through closer cooperation. Reliance's refinery is central to Washington's efforts to punish Russian energy buyers and contain oil prices amid the war on Iran.

Timeline

  1. Oct 20, 7:15 AM ET: Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar in Mumbai as the two countries worked to finalize a trade deal.
  2. Oct 20, 7:27 AM ET: Rubio said only a few issues remain in the India-US trade negotiations and expressed hope for a swift announcement and signing.
  3. Oct 20, 10:20 AM ET: Rubio said Washington will discuss refining more Venezuelan crude oil with Reliance Industries, calling India a global refining superpower.
  4. Oct 20, 11:42 AM ET: Rubio told CNN News18 he anticipated a trade deal could be reached within weeks rather than months.

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