India welcomes elevation in US' trade authorisation list
Updated:7 years, 10 months ago
New Delhi, Jul 31 (ANI): The Ministry of External Affairs on Tuesday welcomed the United States administration's decision to elevate India's position in its Strategic Trade Authorisation-1 list of countries. With this in place, Washington will ease export controls for high-technology product sales to New Delhi. Notably, India is the only South Asian nation to be included on the list. The development was announced by US Secretary of Commerce Wilbur Ross at the Indo-Pacific Business Forum on July 30. The Ministry also said that this step by the US will further strengthen trade ties and technology collaboration in defense and high technology areas between the two countries.
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