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. 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... » | BIS Imposes $77,000 Penalty on Florida Company for... » | OFAC Publishes Final Rule Authorizing Certain Tran... » | Senators Vow to Reform Military Export Controls » | President Extends U.S. Sanctions on Syria » | Military Catch-All Regulation may Crimp China Trade » 

May 15, 2006 

U.S. Begins Process to Rescind Libya's Designation as State Sponsor of Terrorism

Today the State Department announced that the U.S. intends to rescind Libya's designation as a "State Sponsor of Terrorism" (SST), commencing a process that will lead to the removal of the remaining controls on exports to Libya. Libya was designated a SST in 1979. Under U.S. law, the Secretary of State can rescind Libya's designation as a SST, if the President submits a report to Congress at least 45 days before the proposed rescission. The report needs to justify the rescission and certify that the government of Libya has not provided any support for international terrorism during the last six months and has provided assurances that it will not support future acts of international terrorism.

Today, President Bush submitted the report on Libya to Congress and Secretary of State Condoleezza Rice announced her intention to rescind Libya's designation as a SST after the 45-day period expires.
As a result, Libya will no longer be considered a SST on June 29, 2006. Thereafter, the Bureau of Industry and Security will issue a regulation which will, among other things, modify the Export Administration Regulations (EAR) to remove the "AT" designation as it relates to exports to Libya.


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