EU seeks to tighten cyber-security dual-use exports
- Indexes hit record highs as Trump rally continues
- Unusual 11 Mid-Day Movers 12/8: (COOL) (TLRD) (DRAM) Higher; (SHIP) (OHRP) (MLSS) Lower
- Lower for longer, ECB scales back asset buys
- lululemon athletica (LULU) Tops Q3 EPS by 4c; Adj.-Comps Outpaced Views
- Oil rises above $50 on renewed hopes for output cuts
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
BRUSSELS (Reuters) - The European Commission proposed measures on Wednesday to increase controls on exports of cyber-surveillance goods and technologies that can be used to violate human rights or threaten international security.
The Commission had earlier identified deficiencies with the current system, including a failure to keep up with evolving security risks, such as an emerging trade in cyber-surveillance technology and related risks to security and human rights.
The current system also imposed heavy administrative burdens on industry and authorities and sometimes lacked legal clarity.
The new initiative would aim to simplify controls on technology transfers, while ensuring a high level of security and transparency to prevent misuse of exports, the Commission said in a statement.
Specific provisions would seek to prevent dual-use items reaching violent extremists, it said.
Dual-use controls concern exporters and manufacturers in a range of sectors, including aerospace, telecoms, chemical and electronics.
The measures proposed by the Commission, the EU's executive arm, must be approved by the bloc's 28 member states and the European Parliament before they can become law.
(Reporting By Philip Blenkinsop; Editing by Gareth Jones)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICC to discuss South Africa's failure to arrest Sudan's Bashir
- No respite for Libya after Islamic State driven from coastal city
- U.S. household net worth rose to $90.2 trillion in the third-quarter: Fed
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!