New U.S. Rules Limit Exports to China And Other Countries
The U.S. government has issued two new export control restrictions and has proposed another one as well, all affecting exports to Group D countries including China, Russia and Venezuela. More specifically, the two new final rules from the U.S. Bureau of Industry and Security (BIS) were issued on April 28, 2020, and go into effect June 29, 2020; the proposed rule is open for comment until June 29 as well. Exporters should consider the following impacts as a result of these final rules and the potential effect of the proposed rule.
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