India admitted into global export control regime Wassenaar Arrangement

Representative image
In a major development, leading export control regime Wassenaar Arrangement on Friday decided to admit India as its new member. 

The decision was taken at the grouping's plenary meeting in Vienna.

The grouping said India will be its 42nd member state as soon as the necessary formalities are completed.

"Wassenaar Arrangement (WA) participating states reviewed progress of a number of current membership applications and agreed at the plenary meeting to admit India which will become the arrangement's 42nd participating state as soon as the necessary procedural arrangements for joining the WA are completed," the grouping said in a statement at the conclusion of its plenary meeting.

An entry into the export control regime would enhance India's credentials in the field of non-proliferation despite not being a signatory to the Non Proliferation Treaty (NPT).    


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel