What is the background and purpose of the VEU Program?

Established in 2007, the VEU Program uses a market-based approach to facilitate high-technology trade (see the 2007 rule introducing the VEU program here). The program permits entities in eligible destinations that pass a rigorous interagency review and agree to ongoing compliance obligations to receive, under Authorization VEU, the same items that they could previously receive under individual Commerce Department licenses.