🌍Impact of Relaxed Export Controls for Businesses in Syria
Relaxing Export Controls for Syria
Summary
In this final rule, the Bureau of Industry and Security (BIS) makes changes to the Syria export control measures under the Export Administration Regulations (EAR), consistent with Executive Order (E.O.) 14312, Providing for the Revocation of Syria Sanctions, which directed the removal of sanctions on Syria. This final rule relaxes the EAR's existing restrictions on exports and reexports to Syria of items subject to the EAR by making the following changes: revising certain restrictive license application review policies that had applied to most items subject to the EAR to be more favorable; expanding existing license exceptions to apply to Syria; and adding new license exceptions for Syria, including for EAR99 items.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The regulatory text addresses the relaxation of export controls to Syria, allowing businesses to increase their export and reexport activities. This change lowers the compliance burden for companies looking to enter or expand in the Syrian market. Specific license exceptions, like the Syria Peace and Prosperity license, enable broader opportunities for exporters while adhering to U.S. national security interests.