Text Size   Decrease Font SizeIncrease Font Size
static_slide_interior

USG Announces New Export Control License Exception, Strategic Trade Authorization

PDF Print
Friday, 17 June 2011 10:23

Yesterday, U.S. Department of Commerce Secretary Gary Locke announced a new license exception to the Export Administration Regulations (EAR) that "authorizes the export, reexport, and transfer (in- country) of specified items to destinations that pose relatively low risk that those items will be used for a purpose that license requirements are designed to prevent."

"This is an important first step towards creating a system that addresses the serious threats we face in today's changing economic and technological landscape. This new license exception will eliminate the need for U.S. exporters to seek licenses in nearly 3,000 types of transactions annually, affecting an estimated $1.4 billion in goods and technology," Locke said. "The new license exception will allow us to focus our resources on items that pose a significant national security risk and help facilitate U.S. exports," added Locke.

Under the new exception, exports of a large amount of controlled items to more than thirty trade partners will not need a license. However, exporters will still need to secure assurances from the end-user that it will not sell or share the technology. The new rule was published in the Federal Register.

 

Social Media

Twitter2Facebook2LinkedIn2 YouTube Icon 

Newsletter Sign-Up

Fill out my online form.

ViewOureNewsletter

Recent News

Lebanon's Foreign Minister on the Detention of US Legal Permanent Resident Nizar Zakka

Nizar Zakka, a U.S. Legal Permanent Resident from Lebanon, has been held hostage in Iran since September 18, 2015.   On his... [More]

UPDATE 6-Statement on the Continued Unlawful Detention of Internet Freedom Advocate Nizar Zakka

Zakka Starts Another Hunger Strike to Protest Continued Delay of Case Review The following statement was issued on behalf of Mr.... [More]

©2016 PobleteTamargo LLP
Disclaimer
Attorney Website by The Modern Firm