International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" ""> <html xmlns="" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | U.K. Threatens to Retaliate Against U.S. Defense C... » | OFAC Issues Interim Zimbabwe Sanctions Regulations... » | Preliminary Antidumping Findings on Shrimp From Br... » | OFAC Updates FAQs » | Container Security Initiative Established at World... » | BIS Removes Five Parties From Unverified List » | WTO Accepts Libya as Candidate for Membership » | CancerVax's Efforts to Develop Cuban Cancer Drugs ... » | EU Rejects Country of Origin Marking Proposals » | Quiet Month in Washington » 

July 29, 2004 

President Issues Executive Order Lifting Iraq Sanctions

Today President George W. Bush issued Executive Order 13350 formally lifting U.S. sanctions placed on Iraq in 1990.  The Executive Order terminates the national emergency declared in Executive Order 12722 issued on August 2, 1990 following Iraq's invasion of Kuwait and expanded in subsequent Executive Orders. While OFAC had issued general licenses authorizing certain transactions with Iraq in 2003, today's action removes much of the legal authority for the sanctions on Iraq.
In a statement sent to Congress, the President indicated that "I have determined that the removal of the regime of Saddam Hussein warrants the termination altogether of the national emergency declared in Executive Order 12722. This action is consistent with United Nations Security Council Resolutions 1483 and 1546, of May 22, 2003, and June 8, 2004, respectively, which substantially lifted the multilateral economic sanctions against Iraq."
Although the national emergency declared in Executive Order 12722 is terminated, the Executive Order continues to impose restrictions on dealing with blocked Iraqi property.

The Executive Order can be viewed at the following link:



Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed




  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News,".
  • ©2003-2015. All rights reserved.

Translate This Site

Powered by Blogger