U.S. Commerce loosens export control rules

July 1, 2011 at 7:00 am

The U.S. Commerce Department on Thursday published a new regulation as part of the Obama administration’s comprehensive export control reform initiative that eliminates the need for companies to obtain export licenses for certain categories of items destined for allies and partner nations.
Administration officials want to streamline and modernize a cumbersome regulatory regime designed during the Cold War to make compliance easier for U.S. firms, reduce controls on items with limited military usefulness so they have a better chance to compete for sales overseas against international competitors, and increase the interoperability defense systems deployed by the United States and its allies. Controls on a narrow set of the most sensitive technologies will be enhanced to prevent them from being exported or diverted to enemies.
The effort is strongly supported by the business sector. The regulation issued by the Bureau of Industry and Security within the Commerce Department immediately went into effect. It creates a new license exception for up to 3,000 transactions per year for items on the Commerce Control List, involving estimated annual sales of $1.4 billion in goods and technology, when sold to certain nations. Under the Strategic Trade Authorization, the government no longer must be notified for exports of designated items to 44 countries as long as the U.S. company receives certification from the foreign customer that it will not re-export the product outside that group of countries. The U.S. exporter must keep the certification on file, but there is no obligation to file the document on a regular basis.  Read more.

E. Kulisch, American Shipper, 6/17/2011


Entry filed under: American Shipper, Export rules.

U.S. exports up 1.3% in April Tourism and Trade Mission to Spain – November 2011

Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
To learn more about the program, please email Kyle Horseman or call 859.426.3653.

RSS Northern Kentucky Chamber – Calendar

  • An error has occurred; the feed is probably down. Try again later.

%d bloggers like this: