Siemens: A Shift in Export Control Restrictions
Siemens AG has been informed by the U.S. Commerce Department that export control restrictions on EDA software and technology to Chinese customers are no longer in place, restoring full access to items classified under ECCNs 3D991 and 3E991.
Siemens AG, a global powerhouse in electronics and electrical engineering, has been notified by the U.S. Commerce Department of a significant change affecting its operations in China.
The department has lifted export control restrictions on Electronic Design Automation (EDA) software and technology, which were previously hindering some of Siemens' transactions with Chinese customers.
Consequently, Siemens now enjoys restored access to export software and technology items classified under Export Control Classification Numbers (ECCNs) 3D991 and 3E991, a move likely to bolster its business relations in the region.
(With inputs from agencies.)
ALSO READ
China Vanke Faces Default Risk After Failed Bond Extension
Tensions Escalate in South China Sea as Chinese Coast Guard Targets Filipino Fishermen
The Shift in China's Car Market: From Luxury Giants to Domestic Innovators
China and UAE Pledge Deeper Cooperation in Key Sectors
China's Trade Expansion Plans: Balancing Growth and Global Tensions

