Export Privileges

Export Privileges

Summary of Export Privileges

The opportunity afforded by the U.S. government to engage in export transactions. The Export Control Act and its successor Export Administration Act have provided that all exports are under authority of license (including the general license requiring no prior approval); hence, exporting is a privilege subject to withdrawal by the government. Persons and firms (including freight forwarders, common carriers, and end- users abroad) found to have violated export control laws may be denied export privileges. The Department of Commerce maintains a list of firms so blacklisted.

(Main Author: William J. Miller)


Posted

in

, ,

by

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *