Formally known as the Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies, the organization is created to regulate the export of sensitive technologies that could possibly lead to "destabilizing accumulations", according to its guidelines.
The decision was taken at the grouping's plenary meeting in Vienna.
It joined the Missile Technology Control Regime (MTCR) in June a year ago, but China has stalled India's entry into the 48-member Nuclear Suppliers Group (NSG), which controls access to critical nuclear knowhow.
"If everything goes as expected".
Foreign Secretary S. Jaishankar on Wednesday discussed India's entry into the Wassenaar Arrangement with Russian Deputy Foreign Minister Sergey Ryabkov.
India sees its membership of multilateral arms control regimes as a sign of its growing stature as a manufacturer and exporter of military goods.
Membership to the Wassenaar Arrangement would give India a chance for a closer interaction with member-states and also hold up its credentials, despite not being a signatory to the NPT, said an official. Through the revised list of items, India also seeks to send a message about its larger commitment to non-proliferation.
Asked for his reaction to Ryabkovs comments, Geng said all the members of the NSG supported the two-step approach-to find non-discriminatory solution that applies to all non-NPT countries then on that basis discuss the application of the non-NPT counties.
India already enjoys most of the benefits of membership under a 2008 exemption to NSG rules granted to support its nuclear cooperation deal with Washington.
"The issue of India's membership has been more politicised than anything else and it is an unfortunate development".
The Missile Technology Control Regime (MTCR) admitted India as a member in June 2016.
Russia, France, Germany and the United States have backed India's entry into the Wassenaar Arrangement.
India is also keen to get the membership of Australian Group, which governs global trade of materials used to make chemical and biological weapons.
In 2016, China opposed India's accession to the Nuclear Suppliers Group, frustrating New Delhi, which had invested considerable diplomatic capital into its membership campaign.
An entry into the export control regime would enhance India's credentials in the field of non-proliferation despite not being a signatory to the Non-Proliferation Treaty (NPT).
Chinas repeated stonewalling of India's membership bid in the NSG has become a major stumbling block in bilateral relations.
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