Export Administration refers to the regulations and policies that govern the export of goods and services from one country to another. These rules are designed to ensure that exports comply with national security, foreign policy, and economic interests. Agencies like the Bureau of Industry and Security (BIS) in the United States oversee these regulations, determining which items require licenses for export.
The primary goal of Export Administration is to prevent sensitive technologies and materials from falling into the hands of unauthorized users or countries. This includes monitoring exports of items that could be used for military purposes or that may pose a risk to national security. Compliance with these regulations is crucial for businesses engaged in international trade.