International Trade Regulations & Export Licensing
BEI Precision is committed to making trade compliance regulations a top priority. We are dedicated to following procedures that positively support transactions with our international clients. Export and import control laws and regulations ensure that transfers of products, services, and technology meet national security and foreign policy goals. These laws apply to transfers of U.S. goods and technology to foreign companies and foreign persons, whether in the U.S. or abroad, to the import of products and technology into the U.S. and provide prohibitions on complying with unsanctioned foreign boycotts. The U.S. Department of Commerce’s Bureau of Industry and Security (BIS), the Treasury Department’s Office of Foreign Asset Control (OFAC) and the Department of State’s Directorate of Defense Trade Controls (DDTC) have primary responsibility for administering these controls. The Arms Export Control Act (AECA) is the vehicle that dictates the administration of export and import regulations. There are two major implementing regulations: the International Traffic in Arms Regulations (ITAR) that controls the export, import, and re-export of defense articles; and the Export Administration Regulations (EAR) that controls the export of commercial and dual-use technologies. The ITAR is administered by the DDTC and the EAR is administered by the BIS.
For more information, or to talk to the Trade Compliance Department please contact: email@example.com