Financial Daily from THE HINDU group of publications
Friday, Nov 15, 2002
Financial Daily from THE HINDU group of publications Friday, Nov 15, 2002 |
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Industry & Economy
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Foreign Trade US to ease export of high-tech items to India Our Bureau
NEW DELHI, Nov. 14 INDIA and the US have agreed to stimulate bilateral high technology commerce towards realising their goal of transforming India-US relations, signalling a sort of a distinct easing of restrictive technology regime the US has been adopting towards India. Addressing a news conference at the conclusion of a senior US Government delegation for a high technology commerce dialogue with an inter-Ministerial delegation led by the Foreign Secretary, Mr Kanwal Sibal, here, the leader of the US delegation, the Under Secretary of Commerce, Mr Kenneth I. Juster, said the two Governments agreed to create an India-US High Technology Cooperation Group, comprising senior representatives of relevant departments of both countries. He said that during his stay in New Delhi, he called on the External Affairs Minister, Mr Yashwant Sinha, the Defence Minister, Mr George Fernandes, and the National Security Advisor, Mr Brajesh Mishra. The US delegation reviewed with its Indian counterpart the current state of bilateral high technology trade, including trade in US controlled "dual use" items. The two sides recognised the improvement in this area and agreed to "think boldly and creatively about steps that could be taken to further enhance high technology trade in a way that reflects their countries' new relationship and common strategic interests". He said the areas of cooperation in high technology include space and civil and nuclear. He said the proposed group would expeditiously work towards developing a new statement of principles governing bilateral cooperation in high technology trade that broadly advances relationship in this area, including addressing ways to increase trade in "dual use" goods and technologies. Mr Juster said that the delegations reaffirmed their countries' shared commitment to and common interest in preventing proliferation of strategic goods and technology and resolved to further enhance their export control co-operation.
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