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The U.S. Department of Commerce removed licensing requirements for UAE government and approved companies buying semiconductor processors, commercial satellites, military equipment, and dual-use civil nuclear items. The policy change marks the first such exemption granted to any Middle Eastern country.
yna.co.krThe U.S. Department of Commerce ended licensing requirements for purchases of semiconductor processors, certain commercial satellites, military equipment, and dual-use items for civil nuclear power by the UAE government and approved companies. The exemption applies to technologies previously subject to export controls, including processors used in advanced computing systems.
No other Middle Eastern country, including Israel or Saudi Arabia, currently holds this status.
Background on the Policy Shift The UAE government had sought the change for several years. Earlier U.S. administrations had maintained licensing rules over concerns that restricted technologies could reach third parties. The Department of Commerce cited the UAE's support for U.S. actions against Iran and its position as the largest U.S. trading partner in the Middle East as reasons for the decision.
The UAE has pledged more than $1 trillion in U.S. investments. The new rules took effect Friday.
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