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Obama cites India deals to propose easing export controls
Sify News
Citing $10 billion worth of 'landmark' deals with India and other trade initiatives, US President Barack Obama has proposed easing export controls on technology products for 37 allies, but India does not figure in the first list.
During his India trip last month, Obama had promised to ease export rules for India consistent with its emergence as a strategic partner. The US requires exporters to obtain a license to sell civilian technology that also can be used for military purposes. The restrictions vary based on US relations with a country. Four export rules were published Thursday for comment, including new regulations on the export of military vehicles, criteria for creating a tiered system to classify technology for export and lessening restrictions on exports to certain countries.
The proposed regulation would give companies the ability to export without a prior government license for sales of many items to 37 nations: Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, the Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Turkey, Ukraine and the United Kingdom. A narrower category of items may be sold to 125 nations without approval by the government, according to the draft rule