India and the U.S. pledged to streamline their export control regimes for critical technologies at the inaugural India-U.S. Strategic Trade Dialogue (IUSSTD).
- It is an initiative on Critical and Emerging Technologies (iCET) between India and U.S.
- It focused on ways in which both the governments can facilitate the development and trade of technologies in critical domains.
- Critical Domains – Semiconductors, space, telecom, quantum, AI, defence, biotech and others.
- Both sides agreed to enhance awareness among the industry, academia and other stakeholders about the export control regimes through workshops and other activities.
- Monitoring Group – They agreed to set up a regular monitoring group which will review progress in deepening cooperation in the bilateral high-tech trade and technology partnership.
- They agreed to continue the dialogue with the objective of strengthening the India-US Comprehensive Global Strategic Partnership.