International Trade and Customs

By: Jahna M. Hartwig and J. Forbes Thompson
Williams Mullen (North Carolina and Virginia, USA)

The U.S. State Department has proposed a major overhaul of the brokering provisions in the International Traffic in Arms Regulations (ITAR).

  The proposed changes include: revising the definitions of broker and brokering activities; clarifying when the requirements apply to foreign persons; modifying the exemptions for both registration and prior approval; eliminating the prior notification requirement; and amending the reporting and other procedural requirements.  These changes, if adopted, could result in more companies being subjected to the requirements of the ITAR brokering regulations. Click here to read entire article.