ID :
16779
Sat, 08/23/2008 - 20:28
Auther :
Shortlink :
http://m.oananews.org//node/16779
The shortlink copeid
US tightens license requirements for foreign entities
regulations for carrying out exports to foreign entities through a new rule that expands the grounds for placing aparty on the Entity List.
"Consistent with the President's National Security Strategy, the updated Entity List rule allows B.I.S. to better adapt to the changing security environment of the 21st Century," said Commerce Department Under Secretary MarioMancuso.
The parties identified under the Entity List requires a license from the Bureau of Industry and Security (B.I.S.) forengaging in trade with the country's exporters.
"By establishing targeted export license requirements that focus on certain foreign end-users, we can more reliably deny access to controlled technology to those who threaten the security of the U.S., while facilitating trade with legitimateoverseas commercial customers," Mancuso said in a statement.
It has been explained that under the new rule a party could be placed on the Entity List if there is reasonable cause to believe that the entity poses a significant risk of becoming involved in activities against the national securityor foreign policy interests of the U.S.
"Those acting on behalf of such entities may also beadded to the Entity List," the statement added.
It is maintained that the latest rule will help in tailoring American government license requirements as well as improving the ability of exporters to screen potential recipients of items subject to the Export AdministrationRegulations.
"Consistent with the President's National Security Strategy, the updated Entity List rule allows B.I.S. to better adapt to the changing security environment of the 21st Century," said Commerce Department Under Secretary MarioMancuso.
The parties identified under the Entity List requires a license from the Bureau of Industry and Security (B.I.S.) forengaging in trade with the country's exporters.
"By establishing targeted export license requirements that focus on certain foreign end-users, we can more reliably deny access to controlled technology to those who threaten the security of the U.S., while facilitating trade with legitimateoverseas commercial customers," Mancuso said in a statement.
It has been explained that under the new rule a party could be placed on the Entity List if there is reasonable cause to believe that the entity poses a significant risk of becoming involved in activities against the national securityor foreign policy interests of the U.S.
"Those acting on behalf of such entities may also beadded to the Entity List," the statement added.
It is maintained that the latest rule will help in tailoring American government license requirements as well as improving the ability of exporters to screen potential recipients of items subject to the Export AdministrationRegulations.
