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On October 16, the Department of Commerce’s Bureau of Industry and Security (“BIS”) announced that exporters can request six-month extensions of export licenses that are set to expire on or before December 31, 2020.  According to BIS, this is being done to “cut[] red tape and mak[e] it easier for exporters to drive our Nation’s economic recovery in the wake of the pandemic.”

Exporters can request the extension by emailing [email protected].  The original license will be reviewed and an extension will be granted in most cases.  BIS estimates a turn-around period of 2-3 business days for a majority of license extension requests.  BIS issued this press release announcing this licensing policy.

The author acknowledges the assistance of Ryan Orange on this blog post.

Author

Alexandre Lamy joined Baker McKenzie in 2009 and currently works in the Firm's International Trade Practice Group. He assists clients with sanctions and export controls (Export Administration Regulations (EAR); International Traffic in Arms Regulations (ITAR)) and he advises clients on corporate compliance matters. Since August 2011, Alex has served on the steering group for the ABA Section of International Law’s Export Controls & Economic Sanctions Committee and is currently a Vice Chair of the Committee. He has organized several events regarding recent developments in US trade sanctions and export controls for the Committee.