Arrow Electronics says that US trade curbs on its Chinese affiliates are being reversed
Oct. 18 – Arrow Electronics, a U.S.-based distributor of electronic components, said Saturday that the U.S. government is rolling back trade restrictions imposed on Arrow’s China-based subsidiaries to facilitate the sale of U.S. components found in armed drones used by Iran-backed groups such as the Houthis.
Arrow Electronics Trading Co and another Arrow entity with six aliases in Hong Kong were added to the Commerce Department’s Entity List by an Oct. 8 Federal Register posting.
Licenses to export goods and technology to companies on the list are required and will likely be refused. Companies are listed because of US national security or foreign policy interests.
On Oct. 8, Commerce said U.S. components of drones operated by Iran-backed groups and debris collected in the Middle East since 2017 were attributed to sales linked to those entities linked to Arrow.
Arrow said Saturday that the Commerce Department said the department would soon publish the revocation in the U.S. Federal Register, and in the meantime sent a letter on Friday lifting the restrictions.
“We have received official communication from the U.S. Department of Commerce,” Arrow spokesman John Hourigan said in an email. “Arrow is authorized to continue shipments to and from these organizations under the conditions implemented before October 8.”
Asked about the matter, a spokesperson for the U.S. Department of Commerce’s Bureau of Industry and Security said in an email: “BIS is committed to ensuring that export restrictions are appropriately targeted to protect national security.”
Hourigan said the company operates in compliance with all laws and regulations. Centennial, Colorado-based Arrow Electronics had global sales of $28 billion in 2024.
Arrow Electronics Co., which Hourigan identified as a subsidiary when it was added to the Entity List. Ltd is not actually affiliated with Arrow Electronics, he said.
However, it was stated that six pseudonyms affiliated with the Hong Kong company in the Federal Register posting were linked to Arrow and that the company would be removed from the Entity List.
This article was generated from an automated news agency feed without modifications to the text.
