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In the News: Technology Exports, China, Korea

Thursday, October 31, 2019
Sandler, Travis & Rosenberg Trade Report

Trump officials battle over plan to keep technology out of Chinese hands

“Next month, the bureau is expected to announce an initial set of restrictions on exporting some technologies, including quantum computing, 3-D manufacturing and an algorithm that guides artificial intelligence, an official from the bureau said. While those restrictions are a start, they are not enough to satisfy the president’s more hawkish advisers.”

[New York Times]

China passes new law to help foreign firms

“The draft regulation, which was released for feedback in July, was among a number of policy documents China exchanged with US negotiators to show Beijing was taking steps to streamline its business environment and become more friendly to foreign firms.”

[South China Morning Post]

China promises no forced tech transfers, access to finance

“Authorities will be banned from ‘explicitly or implicitly’ pressuring companies to give up technology, said a ministry official, Ye Wei. That pledge, if carried out, builds on a law enacted in March that prohibits use of ‘administrative tools’ to force companies to give up industrial secrets. Business groups said that might leave officials free to use other leverage.”

[Associated Press]

South Korea to give up developing country treatment in WTO talks

“Hong said this decision is ‘not to forego the developing country status, but is to not seek any special treatment from the negotiations going forward.’”

[Reuters]

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