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The United States continues to tighten controls on the People’s Republic of China. In this article we address three regulatory changes that highlight the need for enhanced due diligence when dealing with China: 1) restrictions on recent additions to the Entity List; 2) controls on military end-uses and military end-users; and 3) elimination of Hong Kong as a separate destination under the Export Administration Regulations (EAR).
Entity List
On December 22, 2020, the Bureau of Industry and Security (BIS) added 59 Chinese entities to the Entity List, thereby expanding the licensing requirements on export transactions with these entities. See Notice at 85 Fed. Reg. 83416. The additions to the Entity List are the result of the collective determination by the Departments of Commerce, State, Defense, Energy, and where appropriate, the Treasury (collectively, the “End-User Review Committee”) that these entities are engagi
PETALING JAYA: The construction and building materials’ sectors have been given a shot in the arm with the local participation of the civil works for the East Coast Rail Link (ECRL) project being set in stone at 40%.
Project owner Malaysia Rail Link Sdn Bhd (MRL) and the main contractor for engineering, procurement, construction and commissioning (EPCC), China Communications Construction Company Ltd (CCCC), have reached an agreement for the 10% increase.
This will now see local subcontractors and suppliers being appointed for at least 40% of the civil works, excluding tunneling works, estimated to be up to RM10bil for the implementation of the project from 2017 to 2026.
RM10 billion worth of ERCL works to be awarded to local contractors, suppliers 06 Jan 2021 / 14:26 H. Pix for representational purpose only.
KUALA LUMPUR, Jan 6: Malaysia Rail Link Sdn Bhd (MRLSB) and China Communications Construction Company Ltd (CCCC) have agreed for the latter to appoint local sub-contractors and suppliers for at least 40 per cent of the civil works of the East Coast Rail Link (ECRL) project worth nearly RM10 billion.
The works, which exclude tunneling works, are meant for the implementation of the project from 2017 to 2026.
MRLSB chairman Tan Sri Mohd Zuki Ali said CCCC has also agreed to accord special attention on the appointment of small contractors from Grades G1-G3 categories that will directly benefit them, as well as the overall construction industry players in the country.
Local contractors to get at least 40%, worth RM10 billion, of ECRL civil works 06 Jan 2021 / 23:58 H.
PETALING JAYA: East Coast Rail Link (ECRL) project owner Malaysia Rail Link Sdn Bhd (MRLSB) and engineering, procurement, construction & commissioning main contractor China Communications Construction Company Ltd (CCCC) have reached an agreement for CCCC to appoint local sub-contractors and suppliers for at least 40% of the civil works of the ECRL project excluding tunneling works.
The value of the works is estimated to be up to RM10 billion for the implementation of the project from 2017 to 2026.
CCCC has also agreed to accord special attention on the appointment of small contractors from the Grades G1-G3 categories that will directly benefit them as well as the overall construction industry players in the country.
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The EPC And EPCM Services Market is poised to experience spend growth of more than USD 364 billion between 2020-2024 at a CAGR of over 4.19%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic.
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SpendEdge has announced the release of its Global EPC And EPCM Services Market Procurement Intelligence Report (Graphic: Business Wire)
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