Awani Review

Complete News World

The US reduced the number of licenses granted to the UK and Australia by 80% under the AUKUS agreement

The US reduced the number of licenses granted to the UK and Australia by 80% under the AUKUS agreement

The U.S. Department of Commerce plans to ease export control requirements for Australia and the United Kingdom to promote defense trade under the trilateral AUKUS defense agreement, and reduce licensing fees worth more than $7.5 billion.

According to a proposed regulatory change by the tri-nation AUKUS in 2021, U.S. export licensing requirements for the U.K. and Australia will be nearly identical to those for Canada.

Streamlined export rules will reduce licensing requirements for exports to Australia and the United Kingdom by 80%, or more than $7.5 billion a year, the Trade Department's Bureau of Security (BIS) said in a press release on Thursday.

The new rules will allow certain military goods, missile technology and hot engines, including some satellite-related items, to be exported to Australia and the UK without a licence, the BIS said in a statement.

See also  A British Museum employee was fired after pieces of the collection, including jewelry and precious stones, went missing