The ‘unverified list,’ restricts unverified companies’ ability to buy US technology. The 27 Chinese entities now no longer on the list are mainly involved in sectors like photovoltaics, machinery manufacturing, electronics, computer science, chemistry, and biotechnology.
They own him. Lock, stock and country.
US Commerce Department lifts 27 Chinese entities from ‘Unverified List,’ sending positive signal before Raimondo’s visit –
By Qi Xijia Published: Aug 22, 2023 06:32 PM Updated: Aug 22, 2023 06:28 PM
The US Commerce Department’s Bureau of Industry and Security (BIS) on Monday announced that it will lift 27 Chinese entities out of the so-called “Unverified List” which restricts the entities to access exports from the US.
Experts interpret this decision as a positive signal, indicating Washington’s interest in engaging with China and finding solutions to existing trade problems between the two countries.
The BIS said that 33 entities will be removed from the Unverified List, 27 of which are based in China with others from Indonesia, Pakistan, Singapore, Turkey, and the United Arab Emirates, according to a statement from the BIS.
“Our removal of 33 parties demonstrates the concrete benefit companies receive when they or a host government cooperates with BIS to complete a successful end-use check,” the BIS said.
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China’s Ministry of Commerce (MOFCOM) said on Tuesday that through the joint efforts of China and the US, 27 Chinese entities had been removed from the “Unverified List,” which is conducive to normal trade between Chinese and American enterprises and is in line with the common interests of both sides. It also demonstrates that, as long as the principles of frank cooperation and mutual benefit are adhered to, it is entirely possible to find a solution that will be beneficial to enterprises on both sides.
In February, 2022, the US Commerce Department added 33 entities in China to its unverified list (UVL), saying that it was “unable to establish the legitimacy of the entities and how export items would be used by them”.
Article posted with permission from Pamela Geller
