The U.S. Commerce Department will remove sanctions against 51 Indian
companies. The sanctions were imposed last year after India exploded nuclear devices in
retaliation for similar detonations by Pakistan.
Commerce said it decided to take this action based on a recent decision by
the Clinton Administration to focus more on Indian companies which have direct ties to
nuclear weapons development. The rule will take effect once published in the Federal
Register.
"Removal of the entities will make it easier for them to obtain U.S.
goods and technology — especially non-sensitive products that ordinarily do not require
an export license for India," Commerce said.
The United States will continue to deny Indian firms access to dual-use items
that could be used in the manufacture of nuclear and missile technology.
Congress supports the move. The fiscal 2000 Defense Appropriations Act states
that the current list of about 300 Indian and Pakistani firms is too broad and needs
refining. Congress also wants the list of restricted exports to India to be narrowed to
nuclear and missile technology.
The Administration says it will continue to adjust the list of
sanctioned Indian and Pakistani firms and products.
The list of Indian firms removed from Commerce’s sanctions list may be viewed
on the web site: https://www.bxa.doc.gov/entities/the51list.html.
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The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
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