Today, the Bureau of Industry and Security at the U.S. Department of Commerce launched the U.S.-Korea Supply Chain and Commercial Dialogue Dual-use Export Controls Group. The export controls working group is tasked with identifying specific actions that both parties will aim to consider in order to advance export controls cooperation, with a view to enhancing international security and simultaneously ensuring a level-playing field.
“BIS is committed to aggressively using export controls to protect U.S. national security and believes fully that a multilateral and cooperative approach to export controls yields the most effective results, as we have seen in the context of our response to Russia’s invasion of Ukraine,” said Assistant Secretary of Commerce for Export Administration Thea D. Rozman Kendler. “The Republic of Korea is one of our 37 allied and partner nations in that effort, and we are deeply committed to continuing that partnership with the Minister of Trade, Industry and Energy to advance our shared security interests.”
This working group will see to fruition the working plan that U.S. Secretary of Commerce Gina Raimondo and Korean Minister of Trade, Industry and Energy Lee Chang-Yang outlined earlier this year, executing on the following objectives:
• To enhance U.S.-Korean coordination and ensure that export controls are consistent with the promotion of bilateral trade and the stability of the global supply chain in the field of advanced manufacturing
- To promote convergent control approaches addressing new security challenges
- To ensure efficient stakeholder engagement and support in the development and implementation of effective export control approaches
Original source can be found here.
