The European Union (EU) is introducing new regulations aimed at strengthening controls on intangible technology transfers, addressing emerging compliance risks in the field of global trade. These new measures are designed to align more closely with U.S. export control laws, especially in the context of dual-use technologies—those that can be used for both civilian and military purposes.

The tightening of regulations will primarily impact the transfer of software, technical data, and other knowledge related to sensitive technologies.

This move reflects growing concerns that such technologies can be easily transferred outside the EU without adequate oversight, posing security risks. By enhancing export controls, the EU seeks to better regulate how these technologies are shared, especially with non-EU countries.

This regulatory shift comes as global trade and security concerns continue to evolve, with governments taking more proactive steps to safeguard sensitive technologies. Companies within the EU will need to adjust their compliance programs accordingly to ensure adherence to the new rules.

For businesses engaged in cross-border technology transfer, these changes will require an increased focus on export control compliance, as failure to comply could result in penalties or trade disruptions. The new regulations are expected to be formally adopted by the end of the year, with implementation starting in 2025.

Source: Export Compliance Daily

30 Sep 2024 at 1:00 pm

2 min

Published by:
Stephan Bremmer
Sr. Export Documentation Agent

Regulatory Requirements Control

EU Tightens Export Controls on Technology Transfers