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US mulling to ease export control policies
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SME Times News Bureau | 22 May, 2010
The U.S. commerce chief Friday said that the United States would complete its review of the exports control system this summer in a bid to boost its exports to emerging markets.
"We are reviewing the entire list of our export control system as some of the protections and restrictions make very little sense," US Secretary of Commerce Gary Locke said in Beijing.
He said US hopes to increase its exports to emerging markets, including China, India, Brazil and Russia. China especially will be a key part of the US strategy to boost exports.
Locke is leading a delegation of business executives from American clean energy companies looking to China's fast growing green energy market, the size of which the United States has predicted will be 100 billion U.S. dollars by 2020.
"With respect to our export control reform, we want to have that done by this summer," he said, raising hopes among Chinese officials for acquisition of some of the latest US technology, blocked by Washington over fears of intellectual property rights.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹94.2
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₹92.5 |
UK Pound
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₹128.85
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₹124.8 |
Euro
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₹112.2
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₹108.45 |
| Japanese
Yen |
₹59.85 |
₹58 |
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