With agreement on procedures to ensure the program's secure and efficient operation, BIS said the civilian U.S.-China high-technology trade will benefit from continued export of certain products to VEU-approved companies without individual Commerce Department export licenses.
BIS said it designed the VEU program to 'facilitate civilian trade by reducing administrative and logistical hurdles for certain exports to pre-screened companies in China.' BIS is responsible for enforcing federal regulations for 'dual-use' exports, or U.S.-made technologies and products with both commercial and military applications.
| Mancuso |
'This agreement will maximize the security and trade-enhancing benefits of the VEU program, and continue a promising chapter in civilian U.S.-China high technology trade,' said Commerce Undersecretary Mario Mancuso, in a statement. 'U.S. exporters now have a more streamlined way to export to companies in China who have a record of using U.S. technology responsibly.'
The VEU program was launched in 2007. The program allows civilian companies in China, who must pass a rigorous national security review and agree to strict follow-on compliance obligations, to receive under a VEU-specified authorization the same U.S.-controlled items they could previously receive under individual Commerce Department licenses, BIS said.
