By PTI
NEW DELHI: In a big transfer, India and the US on Thursday determined to launch a strategic commerce dialogue to handle export controls, discover methods of enhancing high-technology commerce, and facilitate know-how transfers.
The determination to launch the brand new framework of dialogue was taken at a gathering between External Affairs Minister S Jaishankar and visiting US Commerce Secretary Gina Raimondo, based on the Ministry of External Affairs (MEA).
“The external affairs minister and secretary Raimondo agreed to launch a India-US Strategic Trade Dialogue, led by Foreign Secretary from Ministry of External Affairs of India and Under Secretary, Bureau of Industry and Security in US Department of Commerce,” the MEA stated.
“The Strategic Trade Dialogue will address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfer between the two countries,” it stated.
ALSO READ | India, US to signal MoU on semiconductor sector
The MEA stated Jaishankar and Raimondo had a productive dialogue in regards to the India-US strategic partnership and ongoing efforts to deepen the financial and business engagement between the 2 international locations, together with via the Initiative on Critical and Emerging Technology (iCET) and the Indo-Pacific Economic Framework (IPEF).
“They also concurred on the need for increased bilateral strategic and high technology trade given the shared priorities of both countries in building resilient and trusted global supply chains,” the MEA stated in a press release.
US President Joe Biden in May final 12 months launched the IPEF, which is an initiative aimed toward deeper cooperation amongst like-minded international locations in areas comparable to clear vitality, supply-chain resilience and digital commerce.
“Great pleasure to meet US Secretary of Commerce @SecRaimondo this evening. Conversation covered strategic trade, resilient and reliable supply chains and trust and transparency in the digital domain,” Jaishankar tweeted.
NEW DELHI: In a big transfer, India and the US on Thursday determined to launch a strategic commerce dialogue to handle export controls, discover methods of enhancing high-technology commerce, and facilitate know-how transfers.
The determination to launch the brand new framework of dialogue was taken at a gathering between External Affairs Minister S Jaishankar and visiting US Commerce Secretary Gina Raimondo, based on the Ministry of External Affairs (MEA).
“The external affairs minister and secretary Raimondo agreed to launch a India-US Strategic Trade Dialogue, led by Foreign Secretary from Ministry of External Affairs of India and Under Secretary, Bureau of Industry and Security in US Department of Commerce,” the MEA stated.googletag.cmd.push(operate() googletag.show(‘div-gpt-ad-8052921-2’); );
“The Strategic Trade Dialogue will address export controls, explore ways of enhancing high technology commerce, and facilitate technology transfer between the two countries,” it stated.
ALSO READ | India, US to signal MoU on semiconductor sector
The MEA stated Jaishankar and Raimondo had a productive dialogue in regards to the India-US strategic partnership and ongoing efforts to deepen the financial and business engagement between the 2 international locations, together with via the Initiative on Critical and Emerging Technology (iCET) and the Indo-Pacific Economic Framework (IPEF).
“They also concurred on the need for increased bilateral strategic and high technology trade given the shared priorities of both countries in building resilient and trusted global supply chains,” the MEA stated in a press release.
US President Joe Biden in May final 12 months launched the IPEF, which is an initiative aimed toward deeper cooperation amongst like-minded international locations in areas comparable to clear vitality, supply-chain resilience and digital commerce.
“Great pleasure to meet US Secretary of Commerce @SecRaimondo this evening. Conversation covered strategic trade, resilient and reliable supply chains and trust and transparency in the digital domain,” Jaishankar tweeted.
