India and U.S. review export control regulations
- June 8, 2023
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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India and U.S. review export control regulations
Subject : International Relations
Section: defence
Concept :
- During the inaugural India-U.S. Strategic Trade Dialogue (IUSSTD), India and the U.S. committed to streamlining their export control systems for critical technologies.
- The talks took place in anticipation of Prime Minister Narendra Modi’s visit to Washington, where several high-technology partnerships, including a deal involving GE-414 jet engine sales to India, are expected to be finalised.
- The meeting 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.
- 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).
- Both sides also reviewed their respective export control regulations with the goal of establishing resilient supply chains for these strategic technologies.
About the U.S.-India initiative on Critical and Emerging Technology (iCET):
- It was launched by the US President and Indian Prime Minister on the sidelines of the Quad summit on May 2022.
- Goal: To elevate and expand Indo-U.S. strategic technology partnership and defense industrial cooperation between the governments, businesses, and academic institutions of the two countries.
- The initiative will be spearheaded by the National Security Council Secretariat in India and the US National Security Council.
- The initiative would help forge links between the government, academia, and industry in areas such as AI, quantum computing, 5G/6G, biotech, space, and semiconductors.
- Under iCET, the two sides have identified six focus areas of co-development and co-production:
- strengthening innovation ecosystems;
- defense innovation and technology cooperation;
- resilient semiconductor supply chains;
- space;
- STEM (science, technology, engineering, and math) talent;
- next-generation telecom.