• Thursday, March 28, 2024

Business

India becomes 3rd Asian nation to obtain STA-1 status from US

By: Radhakrishna N S

India has become the third Asian country after Japan and South Korea to obtain the Strategic Trade Authorization-1 (STA-1) status after the United States issued a federal notification on the matter. With this status, India will receive high-technology products sales, particularly in civil and defense sector. It is also the 37th country in the globe to be designated the STA-1 status by the United States, although it is yet to become a member of the Nuclear Suppliers Group (NSG). The federal notification issued on Friday (3) is gaining significance, as the Trump administration has made an exception for India. Normally, the United States has…

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