New analysis from Georgetown University’s Center for Security and Emerging Technology includes a table of more than 100 types of semiconductors and whether they’re subject to U.S. export licensing requirements. CSET also said a new red flag recently published by the Bureau of Industry and Security could cause foundries to ask more questions of customers seeking to produce advanced chips.
China's stranglehold on minerals used in electric vehicle battery-making, and their head start on making quality, affordable EVs makes U.S. and European firms anxious, panelists said at a Georgetown Business School webinar on the future of auto value chains.
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 by clicking on the hyperlinked reference number.
The U.S. this week announced new sanctions and export controls against a host of companies and people for violating export restrictions against Russia, including a Belgian businessman and his defense component procurement network. Along with new Treasury Department sanctions, DOJ said it was preparing to release two indictments against the man, Hans De Geetere, and the Bureau of Industry and Security added De Geetere, his affiliated companies and other unrelated parties to the Entity List for illegally supplying Russia’s military and defense industrial base.
The U.S. will increasingly look to apply new export licensing requirements to entire countries rather than to specific companies, which could lead to a shift away from the Entity List, Commerce Secretary Gina Riamondo said. She also said the agency will continue targeting new artificial intelligence-related products developed by American semiconductor companies, such as Nvidia, that fall just below U.S. export control thresholds.
A House Oversight Subcommittee on Economic Growth, Energy and Regulatory Affairs hearing focused on the need for more domestic mining of critical minerals, but administration witnesses noted that imports -- and subsidizing processing of domestically mined minerals -- are just as essential to uninterrupted supply.
An administrative law judge this month denied Illinois importer MSRF’s complaint against South Korean cargo carrier HMM, saying the importer didn’t prove HMM violated the two companies’ service contract. The judge said none of MSRF’s claims before the Federal Maritime Commission were successful, partly because they were based on the terms of the original service contract, which had been amended multiple times mostly “for the benefit” of MSRF.
The U.K. last week renewed a Russia-related general license that authorizes certain transactions tied to payments that have been processed by a sanctioned credit or financial institution at some point in the payment chain. The license applies when the sanctioned party acted as an original, correspondent or intermediary institution where the recipient institution and the institution that sent the payment are not designated parties, among other conditions. The license, which was scheduled to expire Dec. 1 (see 2310020016), now lasts through Dec. 14.
The U.K. and South Korea last week agreed to officially update their free trade agreement, which is expected to include a new rules of origin chapter, improved customs procedures and more. The two countries will hold the first round of negotiations Jan. 22 in Seoul, and “further rounds of negotiations are to occur regularly thereafter,” the U.K. said. “We look forward to significant and rapid progress.”
The U.K. Department for Business and Trade Nov. 21 released its approach to negotiating a free trade agreement with South Korea, outlining the results of the government's call for input on the trade negotiations and details covering goods market access, rules of origin and customs and trade facilitation. Responding to input on trade remedies, the government said it will make sure the U.K. is able to impose trade remedies "as appropriate" along with maintaining trade remedy provisions that "support market access" in line with World Trade Organization commitments.