1. In accordance with the Act, it has been required that Japanese
companies and overseas branches and offices of Japanese companies
(Japanese Branches) obtain the license from the Minister of Economy,
Trade and Industry to engage in brokering trade transactions for arms
though goods are moving among foreign countries/regions. New regulation
is effective on and after June 1, 2007 to apply the same control as arms
to other goods. That is, from June 1, 2007 on, Japanese Branches are
required to obtain the license to engage in brokering trade transactions
if it seems that goods involved may be diverted to design, manufacture,
development and storage of WMD and/or missiles even though the goods are
not arms. 2. To sum up; in accordance with the new regulation, Japanese Branches have to obtain license to engage in brokering trade transactions of certain goods. It is, therefore, necessary that everyone who may be involved in this type of transactions realize that the license may be required even though goods will never pass through Japan. For further details on this new regulation, see the Appendix. |