The European Commission (EC) announced that the new European Union (EU) export control regulation concerning trade in “dual-use” items—civilian goods and technologies with possible military or security use—is effective today.
According to an EC release, the new framework:
- Allows the EU to take a number of important actions to pool expertise and tackle particular challenges (notably in relation to cyber-surveillance, but also emerging dual-use technologies such as advanced computing)
- Introduces greater transparency by increasing the level of consultations and reporting between EU Member States and the EC, contributing to the development of a new EU electronic licensing platform already piloted in four EU Member States
- Provides a legal basis for EU action at multilateral, plurilateral and bilateral levels
- Builds on the existing multilateral framework of export controls, namely the Wassenaar Arrangement, which forms the basis for many restrictions imposed by the regulation at EU level
Source KPMG
