KPMG China-US Export Control Seminar

The global KPMG Trade and Customs team has been closely monitoring developments to help companies assess the impact to their operations.

The global KPMG Trade and Customs team has been closely monitoring developments to help...

harbour terminal

09:30am – 11:00am, 21 July 2021

 

Background

The China-U.S. trade relationship is continuing to evolve and, over the last two years, we have seen an increased focus on export controls, with China implementing a new regime and the U.S. enhancing its existing one.

China is in the process of establishing its new export control regime. While the historical dual-use item list remains, exports are no longer controlled at a product level; instead each transaction must be reviewed to against the new requirements. Moreover, since China’s Export Control Law was announced, a number of export control related regulations have been issued including Guidance on the Internal Control Program (“ICP”) and the Anti-foreign Sanction Law.

The US has enacted new export controls that impact exports, reexports, and transfers of goods, technology, and software with China. Recent measures include, but are not limited to, enhanced due diligence requirements for US exporters, expansion of license requirements, new additions to restricted parties and Entity List entries.

For Chinese and U.S. exporters the operational significance is significant. However, a proactive, methodical approach to analyzing the impact of the China and U.S. regulations on  both current and future supply chains will give exporters a head-start on achieving compliance.  In addition, China, US and multinational companies have increased focus on managing intangible data and technology for export controls purposes, including how to identify export classification for technology, software, and intangible information, data protection and access controls in compliance with export compliance requirements. 

 

Discussion Area

The global KPMG Trade and Customs team has been closely monitoring developments to help companies assess the impact to their operations. Join us for a dynamic discussion with Harry Zhang, Partner, Trade and Customs from KPMG China and Christina Zanette, Senior Manager from KPMG US as they discuss:

  1. The most recent updates on China and US Export Control Regime;
  2. Similarities and differences between China and US Export Control Regulation and ICP;
  3. The implications for high tech sectors where managing technical data, technology and software for export control purposes is key; and
  4. Case studies illustrating the current challenges.

 

Contact

Rachelle Ge
Phone: +86 (21) 2212 2496
Email: rachelle.ge@kpmg.com

Harry Zhang
Trade & Customs 
Tax Partner
KPMG China

Christina Zanette
International Tax – Trade & Customs
Senior Manager
KPMG LLP

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