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About the TRUST initiative:
- Bilateral Initiative: India and the US cooperate in recovering and processing critical minerals, including lithium and rare earth elements.
- Objective: The initiative aims to reduce barriers to technology transfer, address export controls, and enhance high-tech commerce between the two nations.
- TRUST focuses on building strong supply chains for critical minerals, advanced materials, and pharmaceuticals.
- The initiative seeks to reduce dependence on China and establish a more diversified and secure critical mineral supply chain.
- TRUST will boost India’s pharmaceutical industry by securing supplies of key active pharmaceutical ingredients (APIs) that depend on critical minerals.
- Link to Previous Partnerships: TRUST builds on India’s inclusion in the Minerals Security Finance Network (MSFN) and Minerals Security Partnership (MSP), shifting from multilateral to bilateral engagement.
Why in News?
- India and the US launched the Transforming Relationship Utilizing Strategic Technology (TRUST) initiative.
