115 of those approved contained controlled technology. Read more at straitstimes.com.
WASHINGTON - The Biden administration approved 192 licences worth over US$23 billion to ship US goods and technology to Chinese companies on a US trade blacklist in the first quarter of last year, according to a document released by a US congressional committee on Friday.
Republican Representative Michael McCaul, chair of the US House of Representatives Foreign Affairs Committee, released the licence numbers on Friday after revealing at a hearing on Tuesday that more than US$23 billion worth of licences were approved for suppliers to companies on the US Department of Commerce’s “entity list” in the first quarter of 2022.
“Every licence reflected in this data – which primarily involve exports of low-technology ...and other items that do not pose significant national security concerns ... was carefully reviewed,” the agency said in a statement, explaining that the decisions are made by the Departments of Commerce, Defence, State, and Energy.
In addition, it pointed out that exporters generally submit license applications that have a higher likelihood of approval, that licences are generally valid for four years, and that a substantial number are not fully utilised.
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US approved 192 licenses for exports to blacklisted Chinese firms early 2022The Biden administration approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies on a U.S. trade blacklist in the first quarter of last year, according to a document released by a U.S. congressional committee on Friday.The 192 licenses granted were out of 242 li
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