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India-US sign 3 agreements
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India and United states have signed three important agreements on Monday, one on the creation of Endowment Board on collaboration in joint research and development projects in science and technology. The other two agreements are technical safeguards pact which will permit the launch of civil or non-commercial satellites containing US components on Indian space launch vehicle. The two countries have also agreed on the end use monitoring arrangements in the defence sector for procurement of US defence technology and equipment.
New Delhi also conveyed its decision to provide sites for two nuclear parks set up by the US Companies. The joint statement issued after the talks says that the two sides have agreed to set up working group to focus on new areas of common interest in Nano technology, civil nuclear technology, civil aviation and licensing issues in defence, strategic and civil nuclear trade. They also agreed to continue their initiative in high technology cooperation with the aim of facilitating smoother trade in high technology between the two economies to reflect the present strategic nature of the relationship between India and US.
After day long talks with Indian leaders, India and the United States also agreed to enter into a strategic dialogue based on the five pillars for cooperation on health, education, science and technology.
Mr. S.M. Krishna said that the two democracies can play a leading and constructive role on the global level in addressing the urgent challenges that face the world today.
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