THE US EL­E­VATES IN­DIA’S TRADE STA­TUS TO NATO-LEVEL ALLY

SP's NavalForces - - NEWS -

US on July 30, el­e­vated In­dia’s sta­tus as a trad­ing part­ner to equal that it has ac­corded largely to its NATO al­lies, mostly for the pur­poses of speed­ing up the sale of high-tech de­fence and non-de­fence prod­ucts that are other­wise sub­jected to strict con­trols and li­cens­ing.“We have granted to In­dia Strate­gic Trade Au­tho­riza­tion sta­tus STA-1 that’s (a) very im­por­tant sta­tus un­der our ex­port con­trol regime and ac­knowl­edges US-In­dia se­cu­rity and eco­nomic re­la­tion­ship,” said US sec­re­tary of com­merce Wil­bur Ross at the Indo-Pa­cific Busi­ness Fo­rum. The US has given STA-1 to only 36 coun­tries most of whom are NATO or key non-NATO al­lies.The move, which will re­duce the num­ber of li­cences needed for US ex­ports to In­dia, means In­dia can get easy ac­cess to the lat­est de­fence tech­nolo­gies. It could also mean a leg-up for the foun­da­tional Com­mu­ni­ca­tions, Com­pat­i­bil­ity and Se­cu­rity Agree­ment (COM­CASA) agree­ment which the US is keen to get In­dia to sign and which is one of the three agree­ments that the US has with its clos­est mil­i­tary al­lies.

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