The Wassenaar agreement is based on a political agreement. It is not directed against a country or region. Currently, 42 states are participating in the Wassenaar arrangement. 1. Participating States will meet regularly to ensure that the transfer of conventional weapons and transfers to dual-use goods and technologies is carried out responsibly and to promote international and regional peace and security. 3. The lists are regularly reviewed to reflect the technological developments and experience of participating States, including in the area of dual-use goods and technologies, which are of crucial importance to national military capabilities. In this context, the studies will be completed at the same time as the first revision of the lists, in order to ensure an adequate level of transparency for the relevant positions. (France and the Russian Federation consider this list to be a reference list established to assist in the selection of dual-use goods that can contribute to the development, production or improvement of conventional ammunition capabilities. 2.
A list of possible elements of the general exchange of information on non-participating states is included in Appendix 1. The Wassenaar Agreement, which was officially established in July 1996, is a voluntary export control regime of which 42 members  exchange information on the transfer of conventional weapons and dual-use goods and technologies. Through these exchanges, Wassenaar intends to promote a “greater responsibility” of its members for weapons and dual-use products and to avoid “destabilizing accumulations”. Unlike its predecessor, the Cold War-era Coordinating Committee on Multilateral Export Controls (COCOM), created to limit exports to the former Soviet Union and the Eastern Bloc, Wassenaar is not addressing a region or group of states, but the “concerns” of members. Wassenaar members also do not have a veto over exports proposed by other members, a power exercised by COCOM members. On May 20, the Bureau of Industry and Security (BIS) proposed to the U.S. government to implement the agreements reached at the December 2013 plenary session.