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January 12, 2004 

Treasury Publishes List of Boycotting Countries

the Department of the Treasury has published its quarterly list of countries that may require participation in, or cooperation with, a prohibited international boycott. The list includes the following countries:

Bahrain
Kuwait
Lebanon
Libya
Oman
Qatar
Saudi Arabia
Syria
United Arab Emirates
Yemen, Republic of

While Iraq is no longer on this list, companies must carefully review the documents associated with non-CPA transactions in Iraq to ensure that they do not contain prohibited boycott language.

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Monday, January 12, 2004 |posted by Douglas N. Jacobson|

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