India has asked the United States to review and update its export controls to reflect the changed political realities of their emerging strategic partnership. Foreign Secretary Nirupama Rao raised the issue with the US Department of Commerce during a two- day meeting at Washington of the India-US High Technology Cooperation Group, a key component of India US Strategic Dialogue. According to an Indian embassy release, the two sides were able to consolidate the progress made in the last five years and identified the next steps for further expanding high technology trade between India and the US. The identified steps were especially in the areas of Defense and Strategic Trade, Biotechnology and Nano-technology. AIR correspondent reports the total exports of Advanced Technology Products from the US to India has increased from $1.3 billion in 2003 to over $4 billion in 2009 particularly against the backdrop of the global economic slowdown.
News On AIR | March 17, 2010 12:53 PM
India asks US to review and update its export controls