The Export Control Reform (ECR) effort was introduced by President Obama in his first term to strengthen the competiveness of U.S. manufacturing and technology sectors in the global market through substantial regulatory changes. These changes primarily focus on the transfer of certain items or technology that were controlled under the International Traffic in Arms Regulations (ITAR) U.S. Munitions List and moved to the Export Administration Regulations’ Commerce Control List. The transfer of these items creates a number of opportunities for U.S. companies to expand their customer base in existing markets and potentially expand their reach into new markets altogether.
Now that the ECR is being implemented, are you capitalizing on these new opportunities that can create growth opportunities for your business?
KPMG’s Trade & Customs Services practice, which includes professionals with extensive global export controls and sanctions compliance experience, can help you understand your options and the positive impact of the new regulations.