The system, called “D-Trade,” will help the Directorate of Defense Trade Controls in the Bureau of Political-Military Affairs to more efficiently control the licensing of defense-related exports goods and services regulated by the U.S. Munitions List and the Arms Export Control Act.
“D-Trade is the first entirely paperless, most user friendly and security-sensitive defense technology export licensing system ever created,” said Secretary of State Colin Powell in a statement Feb. 18. “D-Trade is important because it’s one of many moving parts within the U.S. national security system.”
It’s estimated that the Directorate of Defense Trade Controls processes more than 56,000 export license applications a year, which are valued at $25 billion.
The agency expects the system to enhance its ability to enforce defense export control regulations. “So, as soon as that license is submitted and signed, if (exporters) break the Arms Export Control Act, the electronic submission and the paper submission are both documents which can be taken to court,” said Lincoln Bloomfield, assistant secretary of state.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now