What Is The Validated End-User (VEU) Program?
The one “carrot” in these regulations is a new provision that allows a Chinese (and now Indian) company to receive advance screening as a “validated end-user.” A VEU company can receive items that would otherwise require a license to export to China or India. In theory, this could apply to any item, provided the Chinese company intends to use the item for a bona fide civil purpose at its facility, consume it during use, or transfer it subject to a BIS license. However, as a practical matter, very sensitive technologies are unlikely to fall under the VEU program. Reduction in Licensing . Since certain industries represent a significant portion of the technologies currently licensed, BIS expects that the VEU program may reduce the number of licenses by as much as 30 percent based on the dollar value of the licenseable exports. Initial VEU’s Approved . In October 2007, BIS published the names of the first five companies who have received VEU status.3 By BIS own account, these five compani
Related Questions
- Are submissions under the Voluntary Filing Program (VFP) validated the same way as those under the mandatory program adopted in Release 33-9002?
- How are SRECs produced as a result of the ACE-JCP&L SREC-Based Financing Program validated?
- How do I search for validated OGs for a specific program in the electronic logbook?
