NATO has announced a 12 percent increase in its 2024 military spending, setting a budget of $2.2 billion to support defense operations across the globe. NATO member states also agreed to allocate $480.1 million for the alliance’s civil budget next year, providing for an 18.2 percent hike to cover personnel, operating costs and program expenditures...
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Category: Policy Updates
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US Expects Canada’s Defense Bill Update to Increase Military Spending
The United States is confident that Canada’s upcoming defense policy update will increase military spending to boost capabilities and meet its responsibilities as part of NATO. David Cohen, the U.S. ambassador to Canada, shared in a recent interview that sources from Ottawa made assurances that the policy change will address concerns among military officials over...
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Treasury Sanctions Entities for Export of US-Made UAV Components to Iran
The U.S. Department of the Treasury’s Office of Foreign Assets Control is imposing sanctions on companies and individuals based in the Middle East and East Asia for the export of American and foreign-made components to support Iran’s unmanned aerial vehicle production. In a notice published Tuesday, OFAC named Iran-based Hossein Hatefi Ardakani, Mehdi Dehghani Mohammadabadi...
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US Legislators Want Stronger Trade Actions to Curb China’s Dominance in Legacy Chips
U.S. House lawmakers want stronger actions to curtail China’s continued domination of older-generation microchip manufacturing. In a letter addressed to U.S. government business and trade officials, Reps. Mike Gallagher, R-Wis., and Raja Krishnamoorth, D-Ill., recommended implementing tariffs and other efforts to reduce the overreliance on China for less-advanced semiconductors in use across several industries. The legislators called on...
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US Commerce Department Revives President’s Export Council Subcommittee on Export Administration
The U.S. Department of Commerce is seeking membership nominations to the newly reestablished President’s Export Council Subcommittee on Export Administration, according to a Federal Register announcement by the department’s Bureau of Industry and Security. The PECSEA advises the department secretary on matters related to the Export Control Reform Act of 2018 and other laws and...
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Global Tech Advocacy Group Issues Game Plan for a Single European Market to Promote Innovation
The Information Technology Industry Council, a Washington-based trade association, has issued a new policy guide recommending the further integration of Europe into a single market to enhance industry competitiveness and innovation. In a press release issued on Wednesday, ITI said the playbook, “Vision 2030: How to Enable Innovation and Ensure Competitiveness and Resilience Across Europe,”...
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NATO Outlines Vision for Quantum Technology Use in Defense, Security
NATO has published a summary of its quantum strategy, which outlines the alliance’s vision of using the technology for defense and security purposes. The military alliance’s foreign ministers approved the plan in November to ensure that the bloc is ready for quantum’s anticipated benefits and downsides. Under the strategy, the organization also seeks to be...
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Washington Officials Cite Role of Alliances, Trade Controls in Protecting US Tech
U.S. officials at a House Subcommittee on Indo-Pacific hearing last week underscored the importance of creating international alliances in trade controls to protect emerging American technologies, Nextgov/FCW reported Thursday. Thea Rozman Kendler, assistant secretary in the Department of Commerce’s Bureau of Industry and Security Export Administration, told the subcommittee that U.S. export controls would be...
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DOD Bares New List of Chinese Military-Linked Companies
The Pentagon has updated its list of Chinese military-linked businesses with either direct or indirect operations in the United States. The list is compiled in accordance with Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. The Department of Defense said Wednesday that the provision’s continuing implementation is important to counter China’s...
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NATO To Prioritize Arms Standardization in New Action Plan
The Defence Production Action Plan that the heads of state of NATO members agreed to during their Vilnius summit in July prioritizes standardization of materials and weapons interoperability, according to Wendy Gilmour, the alliance’s assistant secretary general for defense investment. Gilmour told Defense News that the plan does not seek to have every NATO member...