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The US Commerce Department’s Bureau of Industry and Security (BIS) on Monday announced that it will remove 27 Chinese entities out of the so-called “Unverified List” which restricts the entities to access exports from the US.
A total of 33 entities will be removed from the Unverified List, including 27 China-based entities and six entities from Indonesia, Pakistan, Singapore, Turkey, and the United Arab Emirates, according to a statement from the BIS.
“Our removal of 33 parties demonstrates the concrete benefit companies receive when they or a host government cooperates with BIS to complete a successful end-use check,” the BIS said.
China welcomes the US move to lift relevant Chinese entities from the list, which indicates that both sides can address specific concerns through communications on the basis of mutual respect, Chinese Foreign Ministry said on Tuesday.
China will continue to firmly uphold the legitimate rights and interests of Chinese companies and institutions, Wang said.
China’s Ministry of Commerce said on Tuesday that, through the joint efforts of China and the US, 27 Chinese entities had been removed from the “Unverified List,” which is conducive to normal trade between Chinese and American enterprises and is in line with the common interests of both sides.
It also demonstrates that, as long as the principles of frank cooperation and mutual benefit are adhered to, it is entirely possible to find a solution that will be beneficial to enterprises on both sides.
In February, 2022, the US Commerce Department added 33 entities in China to its unverified list (UVL), saying that it was “unable to establish the legitimacy of the entities and how export items would be used by them”.
The move came ahead of US Secretary of Commerce Gina Raimondo’s China visit scheduled from August 27 to 30, at the invitation of Chinese Commerce Minister Wang Wentao.
She will be the fourth senior US official to visit China since June, following US Secretary of State Antony Blinken, US Treasury Secretary Janet Yellen, and US Climate Envoy John Kerry.