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US Commerce Department issues export controls on Chinese firms, removes 25 parties from unverified list

( December 16, 2022, 14:56 GMT | Official Statement) -- MLex Summary: The US Commerce Department has issued export controls on Chinese firms. The first rule adds 36 entities to the entity list, which applies stringent license requirements that will severely restrict these entities’ access to commodities, software and technologies subject to export administration regulations. The second rule removes entities from the unverified list due to satisfactory completion of end-use checks and verification of those entities’ bona fides, including in cooperation with the PRC government. A total of 25 parties have been removed from the restricted party lists.Statement and rules follow below: ...

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