InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,870.65
(
-0.03%
)
Post# of 205
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

midastouch017

Send PM Follow Ignore
Followers 145
Posts 27561
Boards Moderated 3
Alias Born 02/07/2004

midastouch017

Re: SkeBallLarry post# 102

Monday, 03/13/2006 2:04:18 AM

Monday, March 13, 2006 2:04:18 AM

Post# of 205
US official: Long way to go on arms export controls
Undersecretary of Commerce for Industry and Security David McCormick: Israel is only beginning implementation.

Hadas Manor 12 Mar 06 15:38

Israel is only at the preliminary stages of implementing an arms exports control program, and still has a long way to go, says US Undersecretary of Commerce for Industry and Security David H. McCormick, who is visiting Israel. He said proper arms exports controls were an important national interest of both Israel and the US, and were also an important Israeli economic interest, in order to reduce the vulnerability of high-tech companies that export dual-use products.
McCormick met senior Israeli defense officials, SIBAT - Foreign Defense Assistance and Defense Export Organization director general Gen. (Ret.) Yosi Ben-Hanan, Ministry of Industry, Trade and Labor director general Raanan Dinur, and the heads of high-tech and arms exporters.

This is McCormick’s first visit to Israel since taking up his post in October, after an Israeli arms exports control agreement was arranged, which was intended to settle a bitter dispute between the US and Israel that erupted over Israel’s deal to upgrade Harpy unmanned aerial vehicles (UAV) for China.

As the senior partner on US supervision of Israeli defense exports, McCormick said openly for the first time, “Israel is only at the preliminary stages of implementing controls. At present, it has a well-defined plan and strong commitment, which it is starting to implement.”

In response to a question whether the arms control crisis was over, McCormick replied, “This was a difficult and significant subject for both countries. The challenge now is implementing the plan, and success will be measured on the basis of implementation. There is unquestionably a lot of willingness and goodwill on the Israeli side, and we’ll want to help. But there is also no doubt that implementing such a regime is no easy challenge.”

McCormick called his talks in Israel, “an ongoing process for developing export controls that not only focuses on defense products, but also on dual use products.” He said that, as the products were advanced technologically, the more the US feared that dangerous products would reach the hands of “bad guys” - Iran or terrorist groups.

McCormick said the US was offering aid for implementing arms exports controls included American experts who “will shows Israelis how to develop control regulations”, as well as additional aspects of its experience with other countries.

McCormick said defense exports controls were also important economically, by limiting the vulnerability of Israeli industry. “Israel has developed an advanced high-tech industry, and the more progress it makes, discussion on exports will move ahead. The more confidence we have that these technologies will be used for civilian needs and reach the right users, we can move ahead on bilateral economic cooperation.” He said this was the main message he was carrying from the US administration on this visit.

Published by Globes [online], Israel business news - www.globes.co.il - on March 12, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000070379&fid=942

In the full Hebrew printed version there is an additional
paragraph:

In a meeting with chiefs of defense companies:Tadiran, ELST,
ELTA, REFAEL, ORBIT, GILAT, MAGS, DFNS BVR, NSTC
McCormick said:"These are also companies which suffered
and were hurt by the limitations/controls imposed on arms export.
We takes measures in facilitating/expediting them
to obtain export permits, and hear from them about their frustrations".

From my impressions the opening of 'bottlenecks' will occur,
albeit slowly, gradually and conditionally.

The first impact, imho is the sudden interest in DFNS, BVRSF
and some other related companies late Friday.

Dubi





Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up