United States to lower foreign arms sales
surcharge: DSCA director
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[April 25, 2018]
BERLIN (Reuters) - The U.S.
government will reduce its administrative surcharge on foreign arms
sales to 3.2 percent from 3.5 percent from June as part of a broader bid
to make U.S. weapons more competitive internationally, a top U.S.
official told Reuters on Wednesday.
U.S. Lieutenant General Charles Hooper, director of the Defense Security
Cooperation Agency, announced the change during an interview at the ILA
Berlin Air Show, where Lockheed Martin Corp, Boeing Co and U.S.
companies are showcasing helicopters, fighter jets and other military
equipment.
"This rate reduction will immediately reduce the cost of new business
for our international partners," said Hooper, whose agency facilitates
all foreign military sales. "We think this rate reduction will allow the
U.S. to become more competitive in the global defense market."
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The U.S. government assessed the surcharge on the full value of all
government-to-government foreign arms sales to cover its
administrative costs, and avoid any charge to U.S. taxpayers for
such transactions.
The move comes days after the Trump administration announced an
overhaul of U.S. arms export policy aimed at expanding sales to
allies, saying it would bolster the American defense industry and
create jobs at home.
(Reporting by Andrea Shalal, Editing by William Maclean)
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