The trade pillar of the Indo-Pacific Economic Framework, which already was being criticized for not being ambitious enough, is not going to be finished as quickly as the pillars run by the Commerce Department on tax and corruption, supply chains and climate, the administration acknowledged as Asian leaders meet in San Francisco.
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.
As the Bureau of Industry and Security adds new export controls on emerging technologies, it should also remove outdated restrictions on items that may no longer warrant licensing requirements, such as life jackets and fire extinguishers, the Center for Strategic and International Studies said in a report. The think tank also urged BIS to shrink the Entity List to only entities that pose the most serious national security threats and consider giving preferential licensing treatment to a broader set of countries, including Vietnam and Moldova.
Congress should order a review of U.S. semiconductor export controls against China and ask the administration to create a public database of entities connected to China’s military, which would help U.S. companies with their compliance practices, a congressional commission said this week. The bipartisan commission also said Congress should explore the idea of a single export licensing system to streamline export requirements overseen by both the Commerce and State departments.
President Joe Biden and Chinese President Xi Jinping will touch on some trade issues during a planned meeting in California on Nov. 15, but the two leaders won’t delve into specifics, a senior administration official said during a call with reporters last week. The two sides aren’t expecting a “long list of outcomes or deliverables” to result from the meeting, the official said. “The goals here really are about managing the competition, preventing the downside risk of conflict and ensuring channels of communication are open."
A U.S. semiconductor company and a Canadian electronics component manufacturer are locked in a legal battle that could have implications for the export compliance responsibilities of sellers and buyers, particularly within the chip industry.
House Select Committee on China Republicans wrote to President Joe Biden, asking him to make human rights and military demands of Chinese President Xi Jinping when they meet at the Asia-Pacific Economic Cooperation summit, which will happen Nov. 15-17.
The U.S. should have placed export controls on a broader range of semiconductors, including legacy chips, as part of its efforts over the last year to restrict sales of advanced semiconductors to China, said Nazak Nikakhtar, a former acting Bureau of Industry and Security undersecretary. She said a lack of legacy chip controls is allowing China to dominate that sector of the industry and grab market share away from companies in the U.S. and its allies, including South Korea and Taiwan.
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 top Democrat on the House Select Committee on China, Rep. Raja Krishnamoorthi of Illinois, said Wall Street and other investors want the government to provide a negative list they can hand off to their compliance teams.