12 Aug '18, 1am

STA-1 – what should India expect? https://t.co/S5XdNxv8DY

STA-1 – what should India expect? https://t.co/S5XdNxv8DY

There is jubilation in India over the US granting the Strategic Trade Authorisation-1 (STA-1) that will ease export controls for high technology product sales to the country. This comes two years after the US recognized India as a “major defence partner” in 2016. India is the only south Asian nation to be given the designation along with the US-NATO allies like South Korea, Australia and Japan. US Secretary of Commerce Wilbur Ross, announcing the decision of Trump Administration on July 30, termed it a very important change in India’s status in the export control regime. STA is relevant to exports, re-exports and transfers for which a license is required under the Export Administration Regulations (EAR); one of the two important US export control laws that affect the manufacturing, sales and distribution of technology. STA Tier 1 will expand the scope of exports subject to...

Full article: http://www.indiandefencereview.com/news/sta-1-what-should...

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