BIS finalizes inclusion of India under VEU rule
The U.S. Commerce Department's Bureau of Industry and Security released its final rule Tuesday that will allow Indian firms to become participants in the agency's validated end user program.
The program, which promises reductions in Commerce Department export license applications for approved Indian importers and U.S. exporters, was pitched to the Indian government during the U.S.-India High Technology Cooperation Group meeting in Washington during January.
The payback for both Indian importers in the program and U.S. exporters is the reduction in Commerce Department export license applications.
The VEU rule, also called the 'trusted customer' program, was initially proposed by BIS on July 6, 2006 as an effort to reshape and clarify existing export control rules pertaining to China.
The Bush administration and some lawmakers on Capitol Hill are concerned that 'dual use' American-made products, or technologies with both commercial and military application, may help fuel China's armed forces. The problem for U.S. regulators and companies doing business in China is that many Chinese state-owned firms manufacture products for both commercial and military purposes. Similar concerns have been expressed with some of India's high-tech firms.
For more information about the rule, access online: https://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/E7-19359.htm.
BIS finalizes inclusion of India under VEU rule
