More Export Control, Investment Screening Collaboration Needed, Report Says
The U.S. should build a “consortium” of like-minded countries to collaborate more closely on semiconductor export controls to counter China and its coercion of Taiwan, the Center for a New American Security said in a Jan. 27 report. The consortium would also coordinate other “punitive actions,” such as investment screening, to counter “Chinese economic and political aggression.”
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
The U.S. recently established the U.S.-EU Trade and Technology Council, which has led to more export control and investment screening collaboration with European countries (see 2201210048), but more can be done, CNAS said. “Previous U.S. efforts to curb Chinese behavior through export controls have been ineffective,” the report said, “largely because China has been able to skirt the cost by working with other nations.” Better multilateral enforcement of export controls would “improve the efficacy of these tools,” CNAS said, and more rigorous investment screening around the world would “ensure that more potential avenues for Chinese technology acquisition -- such as purchasing of majority stakes in critical technology companies -- are closed.”