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WASHINGTON -The U.S. State Department said on Friday it fully expects to finalize new trade exemptions for the AUKUS defense project with Australia and Britain over the next 120 days.
The 2024 National Defense Authorization Act requires President Joe Biden to determine within 120 days of his signing it into law on Dec. 22 whether Australia and Britain have export control regimes"comparable to the United States" and thereby qualify for the exemptions. The 120 days will be reached on Saturday.
Senior Republican lawmakers this week expressed concern about delays in AUKUS if Biden did not grant the exemptions from strict export controls for defense items covered by U.S. International Trafficking in Arms Regulations .
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