1. The Committee for Goods Subject to Import and Export Control and its Executive Office shall be abolished.

2. The Office shall replace the Committee for Goods Subject to Import and Export Control established in accordance with Federal Law No. (13) of 2007 Regarding Goods subject to Import and Export Control, and the Executive Office of the Committee, in the following:

    a. The competencies assigned thereto and stipulated in the legislation in force in the State;

    b. The financial and legal rights and obligations thereof, and all their assets and properties, which shall be transferred to the Office; and

    c. Their dedicated budget.