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The U.S. Foreign Military Sales (FMS) Program offers government contractors and suppliers to the U.S. defense industry valuable access to markets outside the United States and to bona fide customers in those markets. The FMS Program also presents unique export compliance advantages over other means of selling products to foreign governments and entities, such as Direct Commercial Sale (DCS) and Foreign Military Financing (FMF) arrangements.
Under the FMS process, foreign governments usually proceed through the U.S. Government, which issues a solicitation for desired supplies. From a contractor’s perspective, the deal resembles a traditional government procurement with delivery usually being made to a U.S. location for export by the U.S. Government. In some instances, however, the contractor is requested to ship overseas and thus take on any export licensing obligations. This can occur for exports of both military item
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PLANO, Texas, May 12, 2021 /PRNewswire/ Huawei Technologies USA, in partnership with RCR Wireless, hosted a fireside chat with Andy Purdy, Chief Security Officer at Huawei Technologies USA, and Sean Kinney, Editor in Chief at RCR Wireless, discussing how organizations can go about understanding and implementing zero-trust strategies. As an expert on cybersecurity, Purdy shares insights into driving the global adoption of standardized processes for verifying the security of all telecom equipment. He also speaks to the overall effects of Huawei s presence on the U.S. export controls list on the broader supply chain. While the list was intended to protect national security, it has extended beyond its scope and resulted in unintended consequences to the global supply chain.
On April 9, 2021, the US Commerce Department’s Bureau of Industry and Security (BIS) strengthened restrictions targeting Burma by adding Burma to the list of countries subject to the Export Administration Regulations’ (EAR’s) military-intelligence end-use and end-user controls and controls on certain support activities by US persons (“Interim Final Rule“). These controls were first issued on January 15, 2021 (“January Rule“), and became effective March 16, 2021. Our blog posts on other recent sanctions targeting Burma in response to the Burmese military’s coup are available here and here.
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The Biden administration continues to utilize United States trade sanctions and export controls as a key tool in its efforts to put pressure on China, Myanmar/Burma and Russia. Since our last update, actions by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the U.S. Commerce Department’s Bureau of Industry and Security (BIS), the U.S. State Department (State) and the U.S. State Department’s Directorate of Defense Trade Controls (DDTC) have been bolstered by similar actions taken by U.S. allies, indicating multilateral support for the Biden administration’s efforts to combat ongoing human rights crises and national security concerns in these regions.
Taiwan s TSMC suspends orders from China shanghainews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghainews.net Daily Mail and Mail on Sunday newspapers.