Industryweek 4172 Aerospace Parts Promo
Industryweek 4172 Aerospace Parts Promo
Industryweek 4172 Aerospace Parts Promo
Industryweek 4172 Aerospace Parts Promo
Industryweek 4172 Aerospace Parts Promo

US Eases Export Rules on Aerospace Parts

April 17, 2013
The items include parts and components related to aircraft and gas turbine engines, areas that the State Department said accounted for more than $20 billion in annual exports.

WASHINGTON -- In an effort to reduce regulations that are thought to be putting American firms at a disadvantage, the United States on Tuesday eased rules on the export of select items in the aerospace industry.

The State Department said it was moving a series of "less sensitive items" from the U.S. Munitions List, which regulates exports, to a separate list maintained by the Commerce Department and seen by industry as less strenuous.

"These reforms will allow the U.S. government to better focus on controlling the export of sensitive technologies remaining on the U.S. Munitions List while streamlining exports of defense-related items to U.S .allies and partners around the world," the State Department said.

The items include parts and components related to aircraft and gas turbine engines, areas that the State Department said accounted for more than $20 billion in annual exports.

U.S.-friendly nations and American businesses have long complained about excessive restrictions in the United States. India, which is planning major investment in its defense, has cited such regulations as a reason to look at competing products from Europe and Russia.

The changes are the first to be finalized since President Barack Obama in 2009 announced an initiative to reform export controls, with more far-reaching changes under study.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!