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India Likely to Join IATA

India is likely to join International Arms Trade Agreement (IATA), as it has updated its guidelines of dual use items having both military and civil applications. The updated list includes 16 broad categories of products that can be exported after clearance, is likely to boost military trade and make clearances easier for private companies pursuing export orders. This will paves the way for India to join the international treaties, Wassenaar Arrangement and the Australia Group and will ease the process for Indian companies to gain the necessary approvals for exports and be an enabling measure for India to achieve its ambitious targets for defence exports.

http://economictimes.indiatimes.com/news/defence/india-moves-a-step-closer-to-joining-international-arms-trade-arrangement/articleshow/58831457.cms

 

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