In an effort to fortify India’s position on the global stage and enhance its ability to regulate the export of dual-use goods, the Directorate General of Foreign Trade, Department of Commerce, in collaboration with the Ministry of External Affairs and various other Government Agencies, is set to host the National Conference on Strategic Trade Controls (NCSTC). Scheduled for the 30th of January, 2024, at the prestigious Vigyan Bhawan in New Delhi, this conference is poised to be a pivotal event focusing on India’s Strategic Trade Control concerning Special Chemicals, Organisms, Materials, Equipment, and Technologies (SCOMET), as well as Export Controls.
The primary objective of the conference is to delve into the intricacies of India’s export control system and explore international best practices. A critical area of focus will be on the regulation of Special Chemicals, Organisms, Materials, Equipment, and Technologies, aiming to strike a delicate balance between fostering industrial growth and ensuring national security.
One of the key highlights of the NCSTC 2024 will be its emphasis on compliance related to the export of dual-use items. These items, encompassing both industrial and military applications, include goods, software, and technologies. With an increasingly interconnected global economy, the need for robust trade controls has become more pressing than ever. The conference will serve as a platform for experts, policymakers, and stakeholders to engage in meaningful discussions, share insights, and propose strategies to bolster India’s position in the realm of strategic trade.
The event is expected to draw participants from various sectors, including government officials, industry leaders, academicians, and legal experts. Through panel discussions, presentations, and interactive sessions, the conference aims to foster a comprehensive understanding of the challenges and opportunities associated with strategic trade controls.
Vigyan Bhawan, the chosen venue for the conference, symbolizes the significance of the discussions to be held. As a prominent government building in the heart of New Delhi, it has witnessed numerous historic events and conferences, underscoring the gravity of the issues to be addressed at the NCSTC 2024.
In conclusion, the National Conference on Strategic Trade Controls serves as a testament to India’s commitment to upholding international norms while safeguarding its sovereignty. By exploring best practices and engaging in collaborative efforts, the conference aims to chart a course for India’s strategic trade control that aligns with the ever-evolving global landscape. As the nation strives for economic growth, technological advancement, and national security, events like NCSTC 2024 play a crucial role in shaping policies that strike the right balance between progress and protection.