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»Issue 8, Volume 07 www.scarbrough-intl.com » August 2007 |
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SCARBROUGH NEWS US and UK sign defense treaty removing Export license requirements Department of Defense is reporting that President Bush and former UK Prime Minster Tony Blair met on July 21st to discuss export license requirements for US exports to UK. Until now, all US defense related exports required export license. With United Kingdom being a big trading partner of the United States as well as allied Department of Defense received 13000 requests for licenses in last two years and rate of approval is 99.9%. Those licenses are very difficult to process and some of them take month’s to approve. What does this mean for us? It means that this move will significantly improve the defense economy of both countries. It means that money spent on processing of those licenses can be re-directed to other departments and bureaucratic power that went into processing of those licenses can also be used in other departments and increase processing time of some other licenses that are still needed and are taking long time. Exporting to United Kingdome is going to be easer, quicker and cheaper for all involved parties and this move might bust some new business opportunities. This treaty is still pending senate approval. Cargo Scanning White House is reporting that on August 3, 2007, President Bush signed "Implementing Recommendations of the 9/11 Commission Act of 2007” into law. This came as a development of 9/11 Commission recommendation for increased security of out county. Law commits to "screening of all cargo on passenger planes within three years and sets a five-year goal of scanning all container ships for nuclear devices before they leave foreign ports." What does it mean for us? Probably, increased cost of international transportation in a long run but a save country and greater protection of our boarders. President Bush said: "Leaders in Washington should never forget that our most important duty is to protect the American people." -- Arijana Hoormann, St. Louis Branch Manager |
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