“In seeking to increase interoperability with U.S. allies, President Obama’s Export Control Reform Initiative has vastly increased the complexity of U.S. export control regulations. This has resulted in a variety of adverse impacts on U.S. industry that may outweigh any benefits of reform.”
For a more detailed discussion on the problems caused by export control reform, see “Status and Adverse Consequences of U.S. Export Control Reform,” Thomson Reuters Practical Trade & Customs Strategies, Volume 3, Number 6, June 2014.
This was first published in Practical Trade & Customs Strategies by Thomson Reuters. For more information, please visit tax.thomsonreuters.com.