United States Department of State announced on Thursday in a statement that export licensing exemptions for Australia and the United Kingdom related to the International Traffic in Arms Regulations (ITAR) will come into effect on September 1.
The department will soon publish "an interim final rule to amend" ITAR and give the public a 90-day period to leave comments.
"The changes implemented by this rule will maximize innovation and mutually strengthen our three defense industrial bases by facilitating billions of dollars in secure license-free defense trade. The ability of AUKUS partners to innovate and establish new enabling environments at a pace of relevance maximizes the partnership’s benefits," Washington said.
