India and the United States have agreed to form a regular monitoring panel to assess progress in increasing cooperation in the two countries' bilateral high-tech trade and technology agreement. This was resolved at the maiden meeting of the India-US Strategic Trade Dialogue (IUSSTD) in Washington, D.C.

The Indian team was led by Foreign Secretary Vinay Mohan Kwatra, while the US delegation was led by Under Secretary for Industry and Security Alan Estevez and Under Secretary of State Victoria Nuland.

The discussion is a critical tool for moving forward the strategic technology and trade linkages envisioned under the India-US Critical and Emerging Technologies Initiative (iCET).

IUSSTD focused on how both governments might ease the development and trade of essential technologies such as semiconductors, space, telecom, quantum, AI, military, bio-tech, and others.

Both parties evaluated bilateral export control legislation in order to establish and diversify resilient supply networks for these strategic technologies.

They discussed continued multilateral export control cooperation and agreed to share best practises. The two parties agreed to raise knowledge regarding export control regimes among industry, academia, and other stakeholders through workshops and other initiatives.

They agreed that the discourse would be crucial in enabling co-production, co-development, and improved industry cooperation in critical technologies. The co-chairs agreed to continue the dialogue in order to strengthen the India-US comprehensive global strategic partnership.