The first meeting of the India-US Strategic Trade Dialogue (IUSSTD) took place in Washington D.C. on June 6, 2023. It was an important step in advancing strategic technology and trade collaborations as part of the India-US initiative on Critical and Emerging Technologies (iCET).
During the meeting, the emphasis was placed on exploring avenues for governments to support the growth and trade of technologies in critical sectors like semiconductors, space, telecommunications, quantum computing, artificial intelligence, defence, biotechnology, and more, a news release noted.
The Indian delegation was headed by Foreign Secretary, Vinay Mohan Kwatra, while the US delegation was jointly led by Alan Estevez, Under Secretary for Industry and Security in the US Department of Commerce, and Ambassador Victoria Nuland, Under Secretary of State for Political Affairs in the US Department of State.
Both delegations conducted a comprehensive review of bilateral export control regulations, intending to establish resilient supply chains and diversify strategic technology sources. They also discussed ongoing cooperation within multilateral export control regimes and agreed to exchange best practices. Recognizing the importance of industry, academia, and other stakeholders, both sides pledged to enhance awareness of export control regimes through workshops and similar initiatives.
As a result of the meeting, the establishment of a regular monitoring group was announced to oversee the progress of bilateral high-tech trade and technology partnerships. The co-chairs of the dialogue affirmed their commitment to ongoing discussions, emphasizing their dedication to strengthening the India-US Comprehensive Global Strategic Partnership.