US Removes 27 Chinese Parties from Export-Restricted Unverified List

The Unverified List is a US Commerce Department-administered list that does not fully ban transactions with the listed parties, but imposes certain restrictions and requirements exports.

BEIJING, August 21 (TMTPost)— The U.S. government removed a dozens of Chinese parties from a list that is designed to impose export restrictions following successful checks.


Credit:Visual China

Credit:Visual China

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) will remove 33 parties from the Unverified List (UVL), 27 of which based in China with others located in Indonesia, Pakistan, Singapore,Turkey, and the United Arab Emirates, according to an announcement of BIS on Monday. BIS didn’t disclose detailed list yet as the removal will become effective upon publication in the Federal Register on Tuesday.

“The ability to verify the legitimacy and reliability of foreign parties receiving U.S. exports through the timely completion of end-use checks is a core principle of our export control system,” said Assistant Secretary for Export Enforcement Matthew S. Axelrod. “Our removal of 33 parties demonstrates the concrete benefit companies receive when they or a host government cooperates with BIS to complete a successful end-use check.”

The UVL is one of several lists administered and maintained by BIS, which can be used by the U.S. Commerce Department to restrict certain exports. But UVL is not a list that imposes as strict export restriction as the Entity List, as it does not fully ban transactions with the listed parties, but imposes certain restrictions and requirements on exports, re-exports, and transfers of EAR-regulated items such as hardware, materials, software and technology to UVL parties.

Entities listed in the Entity List are subject to license requirements for Export Administration Regulations (EAR) -controlled items typically with a presumption of denial. The Entity List’s license requirements are independent of, and in addition to, license requirements imposed elsewhere in the EAR and license exceptions are generally not available.

BIS could adds parties to the UVL if the US Government is unable to verify their bona fides, i.e., legitimacy and reliability) in an end-use check or end user of items subject to the EAR. And it will remove these parties if it was able to establish their bona fides through the successful completion of end-use checks.

Parties listed on the UVL are ineligible to receive items subject to the EAR through license exceptions. The UVL does not create a freestanding BIS license requirement, but licenses are required due to unavailable license exceptions. Therefore, parties can continue to do business with individuals on the UVL, but if items subject to the EAR are involved, they will need to take additional compliance steps designed to resolve BIS’s concerns about the fact that the entity remains unverified.

Transactions that do not require a license-EAR99 or No License Required- require an UVL statement from the listed party. The requirements of this statement include name, address, website and contact details of the UVL party, an agreement to comply with the EAR, an end-use declaration, and agreement to cooperate with BIS’s pre-license checks and post-shipment verifications. An Automated Export System (AES) filing is also required for exports to parties on the UVL.

BIS introduced a two-step policy last October to improve its ability to facilitate end-use checks. Under the new policy, the agency can add parties to the UVL 60 days after end-use checks are requested but host government inaction prevents their completion. In addition, after an additional 60 days of continued inaction by the foreign government, BIS will initiate the interagency regulatory process to move those parties from the UVL to the Entity List.

BIS said the new policy subsequently led directly to the scheduling of end-use checks in China. On December 16, 2022, 26 parties located in China were removed from the UVL after subsequent scheduling and successful completion of end-use checks. BIS believed the recent announcement is a further reflection of the policy’s success in getting end-use checks scheduled.

On February 7, 2022, BIS added 31 parties located in China to the UVL. China’s Ministry of Commerce (MOFCOM) then warned the United States’ move seriously damaged the international economic and trade order and free trade rules, and pose a serious threat to the global industrial and supply chains, and urged U.S. to rectify its wrong practices to get back to the right track of win-win cooperation.

A MOFCOM spokesperson issued another warning in June after the U.S. Commerce Department added 31 Chinese entities to its Entity List. China firmly opposes the U.S. decision to include certain Chinese entities on an export control list under the pretext of so-called military and human rights concerns, the spokesperson said, calling the move a typical act of economic coercion and unilateral bullying by the United States to generalize national security and abuse export controls without factual basis. China will take necessary measures to firmly safeguard the legitimate rights and interests of Chinese enterprises, the spokesperson said.

转载请注明出处、作者和本文链接
声明:文章内容仅供参考、交流、学习、不构成投资建议。
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

赞赏支持
发表评论
0 / 300

根据《网络安全法》实名制要求,请绑定手机号后发表评论

登录后输入评论内容

快报

更多

18:42

花旗集团计划减少外部IT承包商,并在科技领域招聘数千名员工

18:41

大众汽车称愿意生产武器和军事装备,德国军工巨头:欢迎合作

18:37

北京:将为2025年初一新入学在校女生免费接种HPV疫苗

18:34

货拉拉公开算法机制:司机自主抢单,“就近优先”分配订单占九成

18:34

新开普:目前智慧校园AI产品、解决方案不会对公司业绩造成重大影响

18:34

竞业达:全资子公司怀来启点获批民用无人驾驶航空器操控员培训资格

18:33

美元理财额度紧张,有股份行执行“以赎定申”

18:27

中国贸促会副会长于健龙率团访问英国

18:23

富春环保:以4567.66万元转让富阳永通小额贷款公司30%股权

18:22

大众斯柯达:2024年收入278亿欧元,同比增长4.7%

18:15

大连热电:2024年净亏损1.46亿元,同比转亏

18:14

外高桥业绩快报:2024年净利润9.52亿元,同比增长2.5%

18:14

上交所:大力支持突破关键核心技术的优质科技型企业发行上市

18:12

迅雷2024年全年总营收3.24亿美元,净利润2390万美元

18:11

“员工上满8小时班倒扣3天工资”?惠州德赛电池称已就视频中不实部分报案

18:07

工信部公告《减免车辆购置税的新能源汽车车型目录》(第十五批),包括小米YU7、尊界S800、问界M9EV等车型

18:06

交易商协会:近期有未入市主体以投资顾问名义参与债券交易

18:01

欧元区1月工业产出环比增长0.8%,预期0.6%

18:00

贝莱德于3月10日增持汇丰控股,减持小鹏汽车、中石油、比亚迪

17:57

上海一中院一审公开宣判上海东方网股份有限公司原党委副书记、总裁、总编辑徐世平受贿、挪用公款一案

扫描下载App