In a major transfer, India and the US on Thursday determined to launch a strategic commerce dialogue to deal with export controls, discover methods of enhancing excessive expertise commerce, and facilitate expertise transfers.
The choice to launch the brand new framework of dialogue was taken at a gathering between Exterior Affairs Minister S Jaishankar and visiting US Commerce Secretary Gina Raimondo, in keeping with the Ministry of Exterior Affairs (MEA).
“The exterior affairs minister and secretary Raimondo agreed to launch a India-US Strategic Commerce Dialogue, led by Overseas Secretary from Ministry of Exterior Affairs of India and Beneath Secretary, Bureau of Trade and Safety in US Division of Commerce,” the Ministry of Exterior Affairs stated.
“The Strategic Commerce Dialogue will tackle export controls, discover methods of enhancing excessive expertise commerce, and facilitate expertise switch between the 2 nations,” it stated.
The Ministry of Exterior Affairs stated S Jaishankar and Gina Raimondo had a productive dialogue in regards to the India-US strategic partnership and ongoing efforts to deepen the financial and industrial engagement between the 2 nations, together with via the Initiative on Essential and Rising Expertise (iCET) and the Indo-Pacific Financial Framework (IPEF). “Additionally they concurred on the necessity for elevated bilateral strategic and excessive expertise commerce given the shared priorities of each nations in constructing resilient and trusted world provide chains,” the Ministry of exterior Affairs stated in a press release.
US President Joe Biden in Might final 12 months launched the IPEF, which is an initiative geared toward deeper cooperation amongst like-minded nations in areas equivalent to clear vitality, supply-chain resilience and digital commerce “Nice pleasure to fulfill US Secretary of Commerce @SecRaimondo this night. Dialog lined strategic commerce, resilient and dependable provide chains and belief and transparency within the digital area,’ S Jaishankar tweeted.
(Apart from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
Featured Video Of The Day
Kochi Air Poisonous After Rubbish Hearth: Who Is To Blame?