SP's LandForces - - NEWS IN BRIEF -

Giv­ing boost to bi­lat­eral re­la­tions, US Sec­re­tary of Com­merce Wil­bur Ross United States, on July 30, an­nounced in­clu­sion of In­dia to the Strate­gic Trade Au­tho­riza­tion (STA) Tier 1, one of the most cov­eted lists of trad­ing part­ners. With this In­dia’s sta­tus is “com­pa­ra­ble to NATO al­lies,” and it “will ex­pand the scope of ex­ports sub­ject to the Ex­port Ad­min­is­tra­tion Reg­u­la­tions (EAR) that can be made to In­dia with­out in­di­vid­ual li­censes. This reg­u­la­tory change will en­hance the bi­lat­eral de­fense trade re­la­tion­ship and re­sult in a greater vol­ume of U.S. ex­ports to In­dia.”

In 2016, US de­clared In­dia a ‘Ma­jor De­fence Part­ner’ and this cre­ated the ground work for its in­clu­sion in the STA-1 which comes un­der the Depart­ment of Com­merce’s Ex­port Ad­min­is­tra­tion Reg­u­la­tions. “Over the last seven years, ap­prox­i­mately $9.7 bil­lion worth of li­censed ex­ports to In­dia may now el­i­gi­ble for ex­port un­der this li­cense ex­cep­tion,” said a US re­lease.

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