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As a cash-strapped nation recovers from the effects of the recent, devastating economic hardships, more and more businesses have started advocating the need to turn to overseas exportation of their products. While this includes common commercial and agricultural products, another important product is domestically produced technology; a perfect example of this is aerospace technology. After all, the United States is foremost in aerospace technology, and this would immediately put it ahead in the market.
One party that will benefit from the proposal to sell aerospace technology overseas would be the aerospace technicians and engineers who found themselves out of jobs, as the economic crisis prompted aeronautical companies to lay off numerous employees to help stay afloat. Selling aerospace technology will definitely revitalize the aerospace industry, which will lead to more jobs and thus inject more money into the economy.
The creation of an even larger export market for aerospace technology will also help gain new interest in the field. This would greatly accelerate aerospace research for new developments and help pave the way for a new aerospace renaissance. The selling of aerospace technology would also help spread aerospace development all over the world, which would benefit humankind as a whole.
Actually, the concept of selling aerospace technology overseas is not a new one. Companies today sell different pieces of aerospace technology, such as plane parts, to different countries all over the world. Even by-products of the development of aerospace technology can turn quite a profit when integrated elsewhere. Certain materials, developed for use in planes and space vehicles, transform industries when used in the manufacture of more terrestrial products. However, the express selling of aerospace technology overseas is restricted by certain laws.
U.S. export laws are quite specific in regulating the import and export of aerospace technology. They are even stricter when it comes to selling any piece of technology overseas. Current U.S. laws actually treat any foreign national who gains access to controlled technologies as a company engaged in the export of technology to foreign markets. When dealing with technological exports, one has to go to the Bureau of Industry and Security under the Department of Commerce. This bureau controls the import and export of technological products. Here, one will classify the type of technological item being exported or sold to a foreign market. Export controlled items are those with actual or potential military applications or economic protection issues, and aerospace technology certainly has those.
In order for there to be a clear path for the selling of aerospace technology overseas, businesses need to engage with specialists in the field of overseas exporting. The legislation governing the export of technology was put in place by the State Department for the security of the United States, and export firms understand this. Today, the Bureau of Industry and Security can actually grant licenses to individuals or foreign industries who wish to import controlled technology. It is just a matter of classifying the specific technology being exported and detailing its intended use.
