BA - China Cites 'National Security' As It Tightens Export Controls On Aviation And Aerospace Equipment Amid US Restrictions | Benzinga
China has declared its intention to impose export restrictions on certain aviation and aerospace technologies and components. The new regulations, set to take effect from July 1, are part of an effort to “safeguard national security.”
What Happened: The new restrictions are designed to bolster national security and comply with international non-proliferation obligations, CNBC reported on Friday. The notice was jointly issued by the Ministry of Commerce, the General Administration of Customs, and the Equipment Development Department of the Central Military Commission.
The new rules mandate that exports of items such as aerospace structural components, engine manufacturing equipment, software, and gas turbine manufacturing technologies will now require export licenses. The spokesperson clarified that these rules are not aimed at any particular ...