Global Economy

Government, industry to discuss trade regime of sensitive goods, tech on January 30

Industry leaders, top government officials and international experts will on January 30 discuss India’s export control systems for sensitive goods and technologies, the government said Sunday.

The commerce and industry ministry along with external affairs ministry and other government agencies is organising the National Conference on Strategic Trade Controls (NCSTC), focusing on India’s trade control for certain dual-use goods-which have both industrial and military uses- software and technologies, called Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET).

As part of India’s Strategic Trade Control system and in consonance with the relevant control lists, guidelines and provisions of the international conventions, mechanisms and regimes, the country regulates the exports of dual use items, nuclear related items, and military items, including software and technology under the SCOMET list, which is notified by the Directorate General of Foreign Trade under the Foreign Trade Policy.
“The conference mainly focuses on outreach to the industry especially for those dealing in sectors regulated under India’s SCOMET list including special materials and high tech equipment, chemicals, biotechnology, defence, aerospace (comprising Drones/UAVs), electronics and semiconductors, telecommunications, information security, and related software and technology,” the commerce and industry ministry said in a statement.

Key International speakers including the Chair of 1540 Committee of United Nations Security Council and the Chair of Missile Technology Control Regime, senior government officials including Commerce Secretary, Member (Customs) of CBIC, Director General of DGFT, etc. would be participating in the Conference and addressing the industry and other stakeholders. More than 500 industry representatives are expected to attend the conference, according to the ministry.