Announcement of New Regulations on Public Trade
Push for Military-Only Regulation on US-Made Civilian Goods

Wilbur Ross, Former U.S. Secretary of Commerce <br>Photo by Yonhap News

Wilbur Ross, Former U.S. Secretary of Commerce
Photo by Yonhap News

View original image

[Asia Economy New York=Special Correspondent Baek Jong-min] The U.S. government plans to impose new restrictions on exports to China of certain items that could be exclusively used for military purposes, such as semiconductors, telecommunications equipment, and aviation equipment.


According to major foreign media on the 27th (local time), the U.S. Department of Commerce announced a proposed rule change requiring military sales licenses for exports of civilian goods to China, and requiring foreign companies to obtain U.S. government approval when transporting certain U.S. products to China. This proposed rule is scheduled to be published in the Federal Register on the 28th, one day later.


The new regulation stipulates that U.S. companies need a license to sell certain items to the military even when exporting civilian goods to China. The exception allowing exports without a military license for military use will be abolished.


Regarding this, Commerce Secretary Wilbur Ross said, "It is important to consider the consequences when dealing with countries that have a history of diverting goods purchased from U.S. companies for military use."



Experts predict that this regulation will affect the procurement of goods by organizations such as the Chinese People's Liberation Army, which is involved in civilian activities.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing