FOCUS: Export Control Reforms - What to Expect from Regulators in the U.S. and European Union
The panel discussion focused on the function of export control, its connection to culture, and EU and U.S. perspectives on the effects of regulatory changes.
As society advances so too does its export control. On June 6, 2011, in a panel discussion co-sponsored by the GCRI, Noerr LLP, and the German American Chamber of Commerce (AHK), Kevin J. Wolf, Holger Schmitz, John Kornblum, and John P. Barker, focused on transatlantic perspectives concerning approaching export regulations.
Although the field of export control is complex, the pending U.S. reform represents a milestone in streamlining the process – aligning and improving the language ofcontrol lists, allowing for specific and appropriate trade exceptions, and making compliance regulation more effective. All speakers agreed that no matter the reform, through its role in a nation’s relationship with the outside world, export regulation is strongly connected to public events and cultural identity. Opinions between representatives from the EU and U.S. differed on the new reform’s broader effects on trade. Some observed that the coming regulation allowed for increased trade, while others were slightly cautious at accepting this outlook. Yet, all speakers agreed that the reform would contribute to greater ease and speed, saving much time and money.
The discussion ended with an acknowledgment that all such regulation changes are a step in an ongoing process, with the current reform having an exceptionally large stride.