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US bill focuses on more trade ties with India

USIBC has come out with a bill that recognizes India's status as vital US defence partner and facilitates additional co-production/co-development and trade

Policy Pulse
Publish Date: Mar 23 2016 12:19PM | Updated Date: Mar 23 2016 12:19PM

US bill focuses on more trade ties with India
US-India Business Council (USIBC) has come out with a bill that recognizes India's status as vital US defence partner and facilitates additional co-production/co-development and trade.
 
Trade body expressed support for a bill introduced in the House of Representatives by George Holding, Republican co-chair of the House India Caucus.
 
US-India Defence Technology and Partnership Act amends the Arms Export Control Action in order to formalise India's status for the purpose of congressional notifications as a major partner of equal status as America's treaty allies and closest partners.
 
Bill also encourages steps to promote defence trade, it said. For the US, it encourages government to appoint an official to focus on US-India defence cooperation and facilitate transfer of defence technology.
 
It also provides for maintaining a special office in the Pentagon dedicated exclusively to the US-India Defence Technology and Trade Initiative (DTTI), emphasis on enhancing India's operational capabilities, and promote co-production/co-development opportunities.
 
For India, it encourages government to authorise joint military planning with the US for missions of shared interest.