ITI Reacts to U.S. Commerce Department’s New Export Controls Rule
WASHINGTON – Today, global tech trade association ITI released the following statement from its Senior Vice President for Asia and Global Trade Policy Naomi Wilson reacting to the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) new export control rules on advanced-node semiconductors that expand the Foreign Direct Product Rule (FDPR) and add companies to the Entity List.
“ITI appreciates the Biden Administration’s focus on safeguarding U.S. national and economic security. We support the administration’s efforts to make updated controls plurilateral in nature and encourage the administration to ensure alignment with likeminded partners before implementing U.S. controls. We continue to urge policymakers to leverage industry’s expertise as they implement the rule to avoid unintended consequences of broad expansions of the Foreign Direct Product Rule and reduced de minimis thresholds that risk cutting U.S. origin products and components out of the supply chain. Appropriately tailored export controls that foster innovation and U.S. market access will enhance U.S. competitiveness and economic and national security. We look forward to constructive collaboration with administration officials as discussions continue.”