WASHINGTON, March 23 (Reuters) – The Biden administration on Thursday added 14 Chinese language corporations to a crimson flag checklist, forcing U.S. exporters to conduct better due diligence earlier than delivery items to them as a result of U.S. officers have been unable to examine the listed entities.
Being added to the checklist can doubtlessly begin a 60-day clock that would set off a lot harder penalties.
“Implementing our export controls is an important a part of defending American nationwide safety,” U.S. Deputy Secretary of Commerce Don Graves mentioned in an announcement following the announcement. “We’re dedicated to utilizing all the instruments at our disposal to determine how superior US know-how is getting used across the globe.”
ECOM Worldwide and HK P&W Business Co Ltd have been amongst these added to the checklist and didn’t reply to requests for remark. A spokesperson for the Chinese language Embassy in Washington mentioned “China strongly deplores and firmly opposes” strikes by america to “abuse export management measures” and use “state energy to suppress and comprise overseas corporations.”
“The U.S. aspect ought to instantly cease its fallacious practices. China will take crucial measures to resolutely safeguard the official rights and pursuits of Chinese language corporations,” the spokesperson added.
America has used restrictions on exports of U.S. items as a key device to thwart Beijing’s technological advances, ratcheting up tensions between the 2 nations.
The Commerce division, which oversees U.S. export controls, additionally added 18 different entities to the checklist from Turkey, the United Arab Emirates, Germany, Bulgaria, Canada, Indonesia, Israel, Malaysia, Saudi Arabia and Singapore.
Reporting by Alexandra Alper and Karen Freifeld; Modifying by Chizu Nomiyama, Jonathan Oatis and Jamie Freed
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