Senior officials from India and the US met in New Delhi on Thursday (December 7, 2023) to take forward the discussions of the India-US Strategic Trade Dialogue (IUSSTD) launched in June 2023.
The meeting of the Monitoring Mechanism for IUSSTD covered issues related to export controls and exploring ways of enhancing high technology commerce, and facilitating technology transfer between the two countries, people in the know of the matter said.
The talks were led by Joint Secretary (D&ISA) Muanpuii Saiawi and US Assistant Secretary of Commerce for Export Administration Thea D Rozman Kendlar.
The Dialogue is a key mechanism to take forward the strategic technology and trade collaborations envisaged under the India-US initiative on Critical and Emerging Technologies (iCET).
The inaugural meeting of India-US Strategic Trade Dialogue (IUSSTD) was held in Washington DC on June 6, 2023. The Indian delegation was led by Foreign Secretary Vinay Mohan Kwatra. The US delegation was co-led by Under Secretary for Industry and Security in the US Department of Commerce Alan Estevez and Under Secretary of State for Political Affairs in the US Department of State Victoria Nuland.
IUSSTD focused on ways in which both governments can facilitate the development and trade of technologies in critical domains such as semiconductors, space, telecom, quantum, AI, defence, bio-tech and others, the Indian Embassy in Washington DC said.
Both sides reviewed the relevant bilateral export control regulations with the objective of building and diversifying resilient supply chains for these strategic technologies.
They reviewed ongoing cooperation in multilateral export control regimes and agreed to share best practices.
India and the US acknowledged that the dialogue would be
instrumental to enabling co-production, co-development and enhanced industrial collaborations in critical technologies, the Indian Embassy added.