{"id":1342,"date":"2018-07-31T14:08:19","date_gmt":"2018-07-31T14:08:19","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1342"},"modified":"2018-07-31T14:08:19","modified_gmt":"2018-07-31T14:08:19","slug":"india-welcomes-us-decision-to-upgrade-trade-ties","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/india-welcomes-us-decision-to-upgrade-trade-ties\/","title":{"rendered":"India welcomes US decision to upgrade trade ties"},"content":{"rendered":"

India on Tuesday welcomed the US’ decision to upgrade trade ties with it, saying it is a logical culmination to India’s designation as a Major Defence Partner of the US.<\/p>\n

“We welcome the announcement made by US Secretary of Commerce Wilbur Ross in the Indo-Pacific Business Forum on July 30, 2018, about the US government’s decision to move India into Tier-1 of the Department of Commerce’s Strategic Trade Authorisation licence exception,” the External Affairs Ministry said in a statement.<\/p>\n

“It is a logical culmination to India’s designation as a Major Defence Partner of the US and a reaffirmation of India’s impeccable record as a responsible member of the concerned multilateral export control regimes,” it stated.<\/p>\n

“This step will further facilitate India-US trade and technology collaboration in defence and high technology areas. We look forward to the US side operationalising the decision at an early date.”<\/p>\n

India is the only South Asian nation to be put on this list.<\/p>\n","protected":false},"excerpt":{"rendered":"

India on Tuesday welcomed the US’ decision to upgrade trade ties with it, saying it is a logical culmination to India’s designation as a Major Defence Partner of the US. “We welcome the announcement made by US Secretary of Commerce Wilbur Ross in the Indo-Pacific Business Forum on July 30, 2018, about the US government’s […]<\/p>\n","protected":false},"author":3,"featured_media":1343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[712,713,715,714],"class_list":["post-1342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-iindo-pacific-business-forum","tag-logical-culmination","tag-strategic-trade-authorisation-licence","tag-us-government"],"aioseo_notices":[],"yoast_head":"\nIndia welcomes US decision to upgrade trade ties - 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