Japan’s Cabinet has approved a bill that would provide for partial revision of the Foreign Exchange and Foreign Trade Act—that serves as the legal basis for Japan’s export controls and is administered by Japan’s Ministry of Economy, Trade and Industry (METI).
The partial revisions are aimed at strengthening Japan’s trade control regime through:
Read a March 2017 release (English) from the Japanese government. The following provides a summary of certain implications of these revisions.
The bill includes measures that would:
Other measures in the bill would:
For more information, contact a professional with KPMG’s Trade & Customs practice in Japan:
Masaharu Umetsuji | +81 3 6229 8070 | email@example.com
Takayuki Kozu | +81 3 6229 8205 | firstname.lastname@example.org
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