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 the title or by clicking on the hyperlinked reference number.
Exports to China
China this week released its first export control white paper, which includes an overview of its recently created export control law (see 2010190033), how it has sought to improve and coordinate its export restrictions with trading partners and its expectations for industry compliance. The paper also describes some new export control initiatives, including a broader enforcement approach and potential revisions to China’s export control list.
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 the title or by clicking on the hyperlinked reference number.
China criticized the U.S.’s decision last week to sanction a range of Chinese companies for their involvement in human rights violations in the Xinjiang region, saying the U.S. has “wantonly suppressed Chinese institutions and enterprises by overstretching the concept of national security.” The sanctions announced last week included export restrictions (see 2112160017) and an investment ban (see 2112160062) on various technology firms. “The attempt of the U.S. to use Xinjiang to contain China will never succeed,” a Chinese foreign ministry spokesperson said Dec. 17, according to a transcript of a regular news conference. “We urge the U.S. side to immediately correct its mistake.”
The Commerce Department should immediately expand an exemption to allow U.S. companies to participate in standards-setting bodies that have members designated on the Entity List, industry representatives said. U.S. firms said they have been forced to avoid the bodies because they fear running afoul of U.S. export laws, a practice that could result in the U.S. losing important influence over the future of emerging technology standards.
The Bureau of Industry and Security added 37 entities to the Entity List, including 34 Chinese research institutes and technology companies, for supporting China’s military modernization efforts or Iran’s weapons program. Other entities added to the list, located in Georgia, Malaysia and Turkey, supplied U.S.-origin items to Iranian defense industries, BIS said.
The Office of Foreign Assets Control imposed investment restrictions on SenseTime Group Ltd., a major Chinese technology company, and sanctioned 15 people and 10 other companies for human rights abuses, the agency said Dec. 10. SenseTime, which had prepared to price shares Dec. 10 in its initial public offering in Hong Kong, will now be subject to a U.S. investment ban and added to OFAC’s list of companies with ties to China’s military (see 2106030067).
The U.S this week imposed an arms embargo and new, broad export restrictions on Cambodia in response to government corruption and human rights abuses. The restrictions, released Dec. 8 by the Commerce and the State departments and effective Dec. 9, will apply more stringent controls on a range of dual-use and military-related exports to the country (see 2112020015).
Export Compliance Daily is providing readers with the top stories for Nov. 29 - Dec. 3 in case you missed them. You can find any article by searching the title or by clicking on the hyperlinked reference number.
While the U.S. and the European Union should continue to collaborate on export controls and investment screening efforts, cooperation on financial sanctions may be more difficult and may not be feasible in some cases, panelists said. Any trade or investment restrictions that rely on financial market leverage will be more difficult for the EU to implement, they said.