NAM Supports Modernized Export Controls

(Industry Week – Adrienne Selko)

New rule allows U.S. manufacturers to transfer technology, items and personnel license-free within their own corporate families

The National Association of Manufacturers (NAM) last week showed its support for a new export control procedure for Intra-Company Transfers or “ICT” – exports from one part of a company to another part of the same company located abroad.

“The Intra-Company Transfer exception has been the NAM’s number one dual-use export controls modernization priority,” said NAM President John Engler. “We have led the effort and have worked tirelessly with the Department of Commerce to facilitate the creation of the new exception in a way that improves national security while simultaneously spurring technological innovation, especially in the high tech sector.

“This new exception will allow U.S. manufacturers to transfer technology, items and personnel license-free within their own corporate families, eliminating the need for thousands of individual export licenses,” said Engler. “Trade from one part of a corporate family to another part is very secure, and needs to be treated differently from transactions involving overseas purchasers. Read more here.