The U.S. Department of Commerce's Bureau of Industry and Security (BIS) recently issued a final rule amending the U.S. Export Administration Regulations (EAR) to add twenty-seven (27) companies and individuals to the BIS Entity List effective November 26, 2021. These companies and researchers are alleged to have ties to China's military quantum computing efforts as well as Pakistani nuclear and missile proliferation. The new companies added include:
Eight (8) technology companies from the People's Republic of China (PRC) that perform quantum computing work for the PRC Military that supports counter-stealth and counter-submarine applications as well as the ability to break encryption or develop unbreakable codes.
Sixteen (16) PRC and Pakistani-based companies and individuals named for their involvement with Pakistan's unsafeguarded nuclear program and ballistic missile development.
Three (3) affiliates of Corad Technology Limited, a company blacklisted in 2019, added as a result of its diversion of U.S.-origin technology to Iran's military and space programs, North Korean front companies, and the PRC government and defense industry.
The Entity List designations for these newly designated companies impose a licensing requirement for any exports, reexports or in-country transfers of all items subject to the U.S. Export Administration Regulations (EAR) to these entities. BIS will impose a presumption of denial when reviewing any export license applications involving these...
Read Full Story: https://www.mondaq.com/unitedstates/international-trade-investment/1137490/bis-blacklists-certain-entities-with-ties-to-china-pakistan-and-russia
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