License Exception STA Becomes Reality

Law360, New York (June 21, 2011, 12:38 PM EDT) -- On June 16, 2011, the long-awaited License Exception Strategic Trade Authorization (STA) was published and is now available to export, re-export and transfer a majority of items subject to the U.S. Export Administration Regulations (EAR) to the enumerated list of low-risk countries. The addition of License Exception STA as section 740.20 of the EAR is an important initial step by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) toward comprehensive reform of the U.S. export controls system President Obama announced in August 2009....
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