Obama Administration Details Proposed Export Control Reforms

(International Trade Law News)

Defense Secretary Robert Gates outlined yesterday the Obama administration’s long-awaited proposal to reform the U.S. export control system. While there have been many export control reform efforts in recent years, this one is very different because it is being driven by senior government officials as part of a broader effort to increase U.S. exports and related employment, one of the White House’s top priorities. The new proposal also responds to longstanding arguments that reform is needed to both more effectively limit the transfer of goods and technology to bad actors abroad as well as improve the global competitiveness of U.S. companies.

The revised export control system outlined by Secretary Gates will be based on four key principles. Read more here.