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U.S. to Review Export Control Rules, Locke Says

May 16 (Bloomberg) -- The U.S. is reviewing export control regulations to help boost technology companies selling products overseas, Commerce Secretary Gary Locke said.

“We hope to have concrete proposals within the next several months,” Locke said at a briefing at Hong Kong’s airport today. “Some of these restrictions we have on U.S. companies make no sense.” Rules meant to protect national security shouldn’t apply to some companies covered, he said.

Locke arrived in Hong Kong today for a 10-day trade mission to China and Indonesia aimed at promoting U.S. exports of clean energy, energy efficiency and electric power. Boeing Co., DuPont Co., Duke Energy Corp. and Peabody Energy Corp. executives are scheduled to join Locke for portions of the two-nation trip.

There are opportunities for companies round the world to help China meet its energy and emissions goals, Locke said.

Separately, the U.S. is always concerned over protectionist policies, Locke said. “In a trade war, everybody loses, nobody wins.”

To contact the reporter on this story: Bob Chen in Hong Kong at bchen45@bloomberg.net;

To contact the editor responsible for this story: Mike Millard at mmillard2@bloomberg.net

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