Update of the Entity List, Logistics Risks under US Export Controls
On October 6, 2023, the Bureau of Industry and Security (BIS) of the US Department of Commerce updated its entity list, adding several Chinese logistics enterprises. This move undoubtedly adds new uncertainties and risks to the global logistics industry. This article will discuss in detail the update of the entity list, the relevant regulatory content, and the cautious response strategies of the logistics industry when facing export control risks.