Wassenaar Arrangement, an elite export control regime decided to admit India as its new member, which is expected to raise New Delhi’s stature in the field of non-proliferation besides helping it acquire critical technologies.
The decision was taken at the two-day plenary meeting of the grouping in Vienna.
The WA membership is also expected to build up a strong case for India’s entry into the 48-member Nuclear Suppliers Group (NSG).
China is not a member of the Wassenaar Arrangement.
The Wassenaar Arrangement is an elite club of countries which subscribe to arms export controls, similar to the Nuclear Suppliers Group and the Missile Technology Control Regime.
The body came into being in 1996 to succeed the Cold War-era Coordinating Committee for Multilateral Export Controls.
The name comes from Wassenaar, a suburb of The Hague, where the agreement to start such a multi-lateral cooperation was reached in 1995.
The WA has 42 members, the latest entrant being India.
It's headquarters is in Vienna.
With the exception of China, all the other permanent members of the U.N. Security Council are signatories of the WA.
The goal of the Arrangement is to "promote transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies".
Participants are required to "ensure that transfers of these items do not contribute to the development or enhancement of military capabilities which undermine the goal".
The aim, according to WA, is also to prevent the acquisition of these items by terrorists.