The State Department will officially remove its arms embargo against Cambodia under the International Traffic in Arms Regulations, effective Nov. 7, the agency said in a Federal Register notice released this week.
Export Compliance Daily is providing readers with the top stories from last week, in case you missed them. You can find any article by searching for the title or clicking on the hyperlinked reference number.
The U.S. government’s failure to cripple Huawei through export controls shows that it needs a different strategy to counter foreign threats to American technology competitiveness, the Information Technology and Innovation Foundation said in a new report last week. Although the U.S. should still use export controls in certain situations, they should always be applied with allies and used sparingly so as not to use up America’s “technology capital,” the think tank said.
The U.K.’s new trade sanctions enforcement agency warned freight forwarders and carriers this week about their obligation to comply with Russia-related restrictions, saying they risk criminal and civil penalties if they’re not doing enough due diligence to make sure every consignment they deal with complies with U.K. law.
The U.S. should ensure its export controls are not so restrictive that they harm the ability of American computing chip manufacturers to compete internationally, Rep. Rich McCormick, R-Ga., said this week.
The U.K. fined a British exporter about 1.16 million pounds (about $1.52 million) for making goods available to Russia, the country’s revenue and customs agency announced Nov. 3. The penalty is the largest settlement the U.K. has ever reached with a business for violating Russia sanctions.
The Defense Department is updating guidance for its Foreign Military Sales (FMS) Only List to revise the items that are included and to create more opportunities for countries to buy U.S. defense items through direct commercial sales, the agency said in a new memo. The Pentagon is also changing the name of the list from the FMS Only List to the Government-to-Government (G2G) Only List.
A group of 18 national security experts, including several former government officials, urged Congress Oct. 30 to pass legislation that would restrict U.S. sales of advanced AI chips to China and other arms-embargoed countries if there's unmet demand from American firms.
The U.S. decision to suspend the Bureau of Industry and Security's 50% rule was met with both relief and exasperation by U.S. exporters, some of whom welcomed more time to prepare while also expressing frustration with the time and resources they already spent trying to comply, including buying expensive screening software.
The U.S. will suspend the Bureau of Industry and Security’s 50% rule for one year in exchange for Beijing postponing its export restrictions on rare earths for one year, the two sides announced Oct. 30.