External Affairs Minister S Jaishankar had a meeting with US Secretary of State Marco Rubio on Monday in Kuala Lumpur to discuss international relations and ongoing trade negotiations between their nations.
The discussions were held alongside the Association of Southeast Asian Nations (ASEAN) summit events in the Malaysian capital.
"Glad to meet @SecRubio this morning in Kuala Lumpur. Appreciated the discussion on our bilateral ties as well as regional and global issues," Jaishankar posted on X.
This encounter occurred as India and the US are finalising a proposed bilateral trade agreement, which officials indicate is approaching completion. Last week, union commerce and industry minister Piyush Goyal emphasized that India would not rush into any trade agreements or accept terms from partner countries that might restrict its "trading choices."
Goyal pointed out that trade agreements are about more than just "tariffs or market access" adding that they focus on building "trust, long-term relationships, and creating sustainable frameworks for global business cooperation."
He stressed that New Delhi would maintain a cautious and balanced approach. Alluding to discussions with Washington, he remarked, "In a very short-term context, it's not about what is going to happen in the next six months. It's not just about being able to sell steel to America." Goyal further explained that India's trade strategy is driven by a long-term vision rather than short-term objectives, stating, "Trade deals are for a longer duration. It's not only about tariffs, it's also about trust and a relationship. Trade deals are also about businesses." Reflecting this approach, Commerce Secretary Rajesh Agrawal mentioned on Friday that trade negotiations between India and the US are "progressing well," with both parties "converging" on most issues, suggesting that a mutually beneficial agreement may be near. "I think we are very close," Agrawal said, referring to the Bilateral Trade Agreement (BTA) proposed by Prime Minister Narendra Modi and former US President Donald Trump on February 13.
The two nations have completed five rounds of discussions for the initial phase of their trade agreement.
Prior to this, on Sunday, Jaishankar engaged in individual conversations with Malaysian Prime Minister Anwar Ibrahim, Singapore's Foreign Minister Vivian Balakrishnan and Thailand's Foreign Minister Sihasak Phuangketkeow.
ASEAN, comprising 11 nations, stands as a significant regional organisation, engaging with various dialogue partners including India, the US, China, Japan and Australia.
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