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India, US hold 1st meet of Strategic Trade Dialogue ahead of PM Modi's visit
Jun 08, 2023

The new dialogue mechanism was launched during commerce secretary Gina Raimondo’s visit to New Delhi in March
 
Foreign secretary Vinay Mohan Kwatra meets US Under Secretary of State for Political Affairs Victoria Nuland and Under Secretary for Industry and Security Alan Estevez at the first meeting of the India-US Strategic Trade Dialogue (IUSSTD), in Washington on Tuesday. (Victoria Nuland Twitter)
 
Washington Two weeks before Prime Minister Narendra Modi’s State visit, India and the US held the first Strategic Trade Dialogue with a focused agenda of reviewing existing US export control regulations that affect the development of strategic trade in emerging and critical technologies in Washington DC on Tuesday.
 
Foreign secretary Vinay Mohan Kwatra led the Indian delegation while State department’s undersecretary for political affairs Victoria Nuland and Commerce department’s undersecretary for industry and security Alan Estevez led the US side during the talks. The new dialogue mechanism was launched during commerce secretary Gina Raimondo’s visit to New Delhi in March and represents a key institutional innovation to unlock the potential of high-tech trade between the two countries envisaged as a part of the initiative on critical and emerging technologies (ICET).
 
In a statement after the talks, the Indian side said that the dialogue '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, biotech and others'.
    
hindustantimes.com

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