White House Pushing Export Control Reform

U.S. President Barack Obama arrives at the Walter Reed hospital in BethesdaThe White House announced changes designed to simplify the export licensing requirements for less sensitive items and simultaneously build more effective protections for the most critical technologies. The measures will simplify and streamline the export authorization process for thousands of parts and components used in aircraft and gas turbine engines, based on a more rational approach to the “specially designed” restriction.  Unless blocked by Congress, the new rules will go into effect in 180 days.  The changes will undoubtedly help defense companies compete more effectively abroad, thereby creating domestic jobs and boosting local economies. More announcements are expected soon as the reform efforts accelerate, propelled by the White House.  See more at: http://www.reuters.com/article/2013/03/08/us-usa-export-controls-idUSBRE92715720130308?goback=%2Egde_3637060_member_221117836