📦Impact of New Entity List Additions on U.S. Export Regulations
Additions and Modifications to the Entity List
Summary
In this final rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) by adding 70 entities to the Entity List, under the destinations of China, People's Republic of (China) (42); Iran (2); Pakistan (19); South Africa (3); and the United Arab Emirates (UAE) (4). These entities have been determined by the U.S. Government to be acting contrary to the national security or foreign policy interests of the United States. This final rule also modifies four existing entries on the Entity List, consisting of revisions to one entry under France, one entry under Iran, one entry under Senegal, and one entry under the United Kingdom.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The text outlines the addition and modification of entities to the U.S. Entity List, imposing export licensing requirements on 70 entities linked to national security concerns. Businesses involved in international trade, especially exporters and manufacturers, must ensure compliance with these requirements. Non-compliance may lead to severe penalties, impacting their operations and market access.