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India, Us Sign Pact To Boost High-Tech Trade

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Our Political Bureau BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:13 AM IST

The possibility of trade worth billions of dollars opened today with the US and India signing an agreement to boost bilateral high-technology trade, including trade in dual-use goods and technologies and setting up the first high technology cooperation group (HTCG) that the US has with any trading partner in the world.

This means India will now have access to items like high-speed computers which have both military and civilian uses.

The agreement, under negotiation for some time now, was signed by US Under Secretary of Commerce Ken Juster and foreign Secretary Kanwal Sibal yesterday in Washington.

The agreement recognises

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