India admits into Wassenaar arrangement

India has been admitted as 42^nd member of Wassenaar arrangement, which aim to bring transparency or to regulate exports of conventional arms and use of dual use Goods and technologies.

About Wassenaar Arrangement. 

• Wassenaar Arrangement established on 1996 with the aim to bring transparency or to regulate exports of conventional arms and use of dual use goods and Technologies.
• It is headquartered in Vienna, Austria.
• It is one of the four Multilateral export control regime which controls the Countries Exports. The other 3 Multilateral Export Control regime are The Nuclear Suppliers Group (NSG), The Australia Group (AG) The Missile Technology Control Regime.
• Wassenaar Arrangment has 42 Members including India. China is not the Member of Both Wassenaar Arrangement and MTCR.
• The Admission will further boost India’s non-proliferation credential and will get access to high technologies for its defence and space programmes. It also helps India’s chances of joining NSG (Nuclear Suppliers Group).
• Also Last year in July 2016 India formally become member of Missile Technology Control Regime(MTCR), which is similar to Wassenaar arrangement. MTCR prevents proliferation of missile technology and state-of-the-art surveillance drones.