*16th Feb, 2025* *News of the Day* *The India-US TRUST initiative* *TRUST Initiative* India and the United States have launched a bilateral initiative called Under the Transforming Relationship Utilizing Strategic Technology (TRUST) initiative. The Initiative was announced during Prime Minister Narendra Modi’s visit to the US. Under the Initiative, the two countries will reduce barriers to technology transfer, address export controls, and enhance high tech commerce. *Further taking previous cooperation* The TRUST initiative follows India’s induction into the US-led Minerals Security Finance Network in September last year. India joined the Minerals Security Partnership (MSP) in 2023. Unlike previous multilateral partnerships, however, the TRUST initiative will build on bilateral engagement. It also positions India and the US to accelerate existing efforts, and counter China’s dominance in critical minerals supply chains. *Minerals Security Partnership* Launched in 2023, the Minerals Security Partnership (MSP) is a US-led collaboration of 14 countries that aims to catalyse public and private investment in critical minerals supply chains. In addition to the US, it includes India, Australia, Canada, Estonia, Finland, France, Germany, Italy, Japan, the Republic of Korea, Sweden, the UK, and the European Union (represented by the European Commission). *Download the Complete Daily Current Affairs Pdf* https://www.prepmate.in/wp-content/uploads/2025/02/News-Juice-16th-February-2025.pdf