🚫New Export Regulations Impacting Business with China and India
Addition of Entities to and Revision of Entry on the Entity List
Summary
In this rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) by adding 11 entities under 11 entries to the Entity List. These entries are listed on the Entity List under the destination of China, People's Republic of (China) (11). These entities have been determined by the U.S. Government to be acting contrary to the national security and/or foreign policy interests of the United States. This rule also revises one existing entry on the Entity List under the destination of India.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$ - Med
The regulation adds multiple entities to the Entity List, requiring licenses for transactions involving these entities, which could impede businesses looking to export to or engage with these firms in China. The rule also modifies an existing entry regarding India, impacting export license requirements. Companies need to reassess compliance strategies due to these changes.