World

US lawmakers move legislation to give India NATO ally status

PTI Washington | Updated on June 17, 2019 Published on June 17, 2019

US Secretary of State Mike Pompeo   -  REUTERS

Two top American lawmakers have moved a legislation in the Senate, seeking key amendment in the country’s Arms Control Export Act to bring India at par with the US’ NATO allies– Israel, Australia, New Zealand and South Korea – when it comes to sale of high-tech military items.

The necessary amendment to the US Arms Control Act has been moved by Senators Mark Warner from the Democratic Party and John Cornyn from the Republican Party, which if enacted will further institutionalise the recent designation of India as a major defence partner of the US.

The move by Cornyn and Warner comes after India and the US signed the COMCASA (Communications, Compatibility and Security Agreement) last year. The two countries are also in advance discussion to sign another foundational agreement of the BECA (Basic Exchange Cooperation Agreement).

It also comes ahead of President Donald Trump’s scheduled meeting with Prime Minister Narendra Modi on the sidelines of the G20 Summit in Osaka, Japan next week. Secretary of State Mike Pompeo is also scheduled to visit New Delhi next week.

“It is a significant development,” said Mukesh Aghi, President of US India Strategic and Partnership Forum (USISPF), the advocacy group, which along with other groups have been working on such legislative changes that would remove current legislative barriers to export of major high-tech defence equipment to India which is normally shared with only a few countries.

The passage of this amendment would help in removing such barriers, he said.

“It’s an important signal of US political support for enhancing defense ties but is unlikely to have tangible impact on trade flows in the near term,” said Benjamin Schwartz, from US India Business Council.

The amendment needs to be passed by both the Senate and the House of Representatives before it can be signed by the US President into law.

Informed sources said that the amendment moved as part of the National Defense Authorization Act 2020, would sail through the Congress, giving a big boost to India-US defence trade.

Published on June 17, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.