Defense Consultant Highlights Importance of ITAR Broker Rules
A June 3 blog post by Defense Trade Solutions, a consultant used by the U.S. defense industry, outlines the licensing and recordkeeping requirements, along with a set of best practices, for brokers involved in exporting defense articles and services.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The firm said brokers should make sure they are vetting all parties involved in brokering activities and comparing them against “prohibited lists.” They should also create “robust internal compliance programs to monitor and manage” activities controlled under the International Traffic in Arms Regulations, and they should “regularly review updates” to the ITAR made by the State Department.
Complying with those regulations, outlined in Part 129 of the ITAR, is “not only a legal obligation but also a critical component of maintaining global security and protecting U.S. interests,” the firm said.