International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | U.S. Halts Free Trade Negotiations With Ecuador » | Registration Opens for CBP's ACE Exchange Conferen... » | Arab League Holding Boycott Conference/Congressman... » | Senate Finance Committee Holds Hearing on USTR Nom... » | U.S. Begins Process to Rescind Libya's Designation... » | U.S. Imposes Arms Embargo on Venezuela » | CBP to Hold ACE Exchange Conference in Chicago » | U.S. and Vietnam Conclude Bilateral WTO Accession ... » | BIS Imposes $13,500 on Bank for Antiboycott-Relate... » | WTO Reports Continued Worldwide Decline in Antidum... » 

May 18, 2006 

DDTC Issues Clarifying Statement on Arms Exports to Venezuela

As a follow-up to our post on Monday's announcement that the U.S. Department of State has designated Venezuela as a country that is "not fully cooperating [NFC] with U.S. antiterrorism efforts", the Directorate of Defense Trade Controls (DDTC) has issued a statement indicating that the prohibition on the sale or license for export of defense articles and services to Venezuela will not take effect until October 1, 2006. This is because designations made under Section 40A of the Arms Export Control Act (22 U.S.C. section 2781) do not take effect until the next fiscal year in which they are made, which in this case is October 1, 2006. As a result, existing licenses to export defense articles and services to Venezuela remain valid until October 1, 2006. However, in the period between now and October 1, 2006, new license applications are unlikely to be approved by DDTC. The complete text of DDTC's announcement can be found here.

Labels: ,


Editor

Subscribe

Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed

Archives

Categories

Disclaimer

  • 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, www.tradelawnews.com".
  • ©2003-2015. All rights reserved.

Translate This Site


Powered by Blogger