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Arms traders get certification relief

UNTIL June 30, 2005, companies trading in military equipment will not need to have industrial security clearance from the National Security Office (NBS) to carry out their business contracts.

Deputies approved a change in the law on trade in military equipment on June 24 that puts off the requirement to have security clearance before an arms trade can be authorised, the news wire SITA wrote.

In the period after August 1, when the law takes effect, companies applying for authorisation of an arms deal will submit a confirmation from the NBU that they have submitted an application for security clearance instead of the certificate itself.

The new law was approved in expedited proceedings after the new law on the protection of classified information came into effect at the beginning of May.

The current law did not allow enough time for traders to be able to get the security clearance. As a result, it seriously threatened trade in military materials and effectively halted all exports.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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