US relaxes export controls on some military parts

WASHINGTON (AP) -- The Obama administration is making it easier for U.S. companies to export equipment and parts that could have military uses.

The White House says it has notified Congress of plans to give the Commerce Department authority to regulate exports of thousands of aircraft parts like bolts, wings and fuel tanks. They'll be taken off the State Department's strict U.S. Munitions List.

More sensitive items like full engines, radar systems and missile launchers will stay under State Department control.

It's part of a broader move by the Obama administration to streamline outdated permit requirements left over from the Cold War, and more changes to the list are still to come. The White House says it hopes cutting red tape will significantly boost sales for U.S. exporters.

Source: http://news.yahoo.com/us-relaxes-export-controls-military-211632597.html

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