India, U.S. Commit To Address Trade, Tech Cooperation Barriers
Date
6/18/2024 4:10:54 AM
(MENAFN- KNN India)
New Delhi, Jun 18 (KNN)
India and the United States on Monday pledged to take action to address obstacles hindering bilateral strategic cooperation in trade, technology, and industrial sectors, according to a joint statement.
The commitment was made during a meeting between the two countries' national security advisers, Ajit Doval and Jake Sullivan, as part of Sullivan's two-day visit to New Delhi.
The U.S. and India are strengthening strategic ties amid shared concerns over China's growing influence in the Indo-Pacific region, despite India maintaining close relations with Russia following its invasion of Ukraine in 2022.
Doval and Sullivan co-chaired the second meeting of the India-U.S. Initiative on Critical and Emerging Technology, launched in January 2023.
According to the statement, they "resolved to prevent the leakage of sensitive and dual-use technologies to countries of concern," though no specific nations were named.
A new strategic semiconductor partnership between U.S. and Indian companies was announced, focused on precision-guided ammunition and other national security electronics platforms.
The two sides also agreed to co-invest in lithium and rare earth mineral projects in South America and Africa, respectively, 'to diversify critical mineral supply chains.'
They committed to soon finalising a bilateral critical minerals pact covering graphite, gallium, and germanium.
Discussions encompassed potential co-production of land warfare systems, as well as joint production of General Electric fighter jet engines by India's Hindustan Aeronautics, building on India's 2022 announcement to purchase 31 MQ-9B drones from General Atomic during Prime Minister Narendra Modi's state visit to Washington.
The visit marks the first by a high-ranking U.S. official since Modi secured a new term with allied support.
Modi met U.S. President Joe Biden last week on the sidelines of the G7 Summit in Italy.
(KNN Bureau)
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