Global Trade & Foreign Policy Insights

On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a six-page guidance statement to financial institutions about best practices under the Export Administration Regulations (EAR). 

On September 13, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) published an advance notice of proposed rulemaking (“ANPRM”) to impose export controls on automated peptide synthesizers and associated software and technology under Section 1758 of the Export Control Reform Act. BIS noted in the ANPRM that Export Control Classification Number (“ECCN”) 1C351 currently contains mostly advanced peptides and proteins that could be used as toxins for biological weapons purposes, but there is no appropriate control on the automated synthesizers or associated software and technology capable of producing those toxins.

The Department of Commerce’s Bureau of Industry and Security released an Interim Final Rule on September 9, 2022 changing the Export Administration Regulations’ regulation of information-sharing in international standards settings organizations.

On November 18, 2019, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) extended the Temporary General License (TGL), authorizing certain activities involving Huawei Technologies Co., Ltd. (Huawei) and a number of its affiliates, for an additional 90 days. 

On August 19, 2019, the Bureau of Industry and Security (BIS) released two announcements regarding Huawei, which was added to the Entity List earlier this year along with 68 associated companies. First, BIS announced that it was extending the Temporary General License (TGL) that was set to expire August 19, 2019, allowing continued maintenance activities to existing Huawei networks and devices until November 18, 2019. Second, BIS added an additional 46 Huawei-affiliated companies to the Entity List.

The U.S. government continues its push against one of the world’s largest telecommunications manufacturer, Huawei Technologies Co. Ltd., by issuing a ban on federal purchases from the tech giant.

The United States’ relationship with Chinese telecom giant Huawei sits on rapidly-shifting sands and seems to be a bargaining chip in the ongoing trade war between the U.S. and China.