Print PDF

Special Export License for Iraq Reconstruction to be Eliminated

Tuesday, June 07, 2016
Sandler, Travis & Rosenberg Trade Report

The Bureau of Industry and Security is accepting comments through July 7 on a proposed rule that would remove the special Iraq reconstruction license from the Export Administration Regulations.

BIS states that this license was established in 2004 to allow for faster processing times and longer license validity periods for exports and reexports to Iraq and transfers within Iraq of items in furtherance of civil reconstruction and other projects. However, exporters supplying items used in support of such projects have not relied on this license, apparently because of its complexity and narrowness. In addition, the relative advantages of this license have been offset by changes to individual licenses and other types of authorizations that provide less complex alternatives.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines