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 | 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 Trad... » | Under Secretary McCormick Contends That Export Con... » 

May 15, 2006 

U.S. Imposes Arms Embargo on Venezuela

The U.S. Department of State today designated Venezuela as a country that is "not fully cooperating [NFC] with U.S. antiterrorism efforts." As a result of the NFC designation, which was made pursuant to section 40A of the Arms Export Control Act (22 U.S.C. section 2781), the U.S. will no longer permit the sale or licensing of defense articles and services to Venezuela. In addition, amendments to existing foreign military sales cases will not be allowed for Venezuela. Under U.S. law, the President is authorized to waive the prohibitions on export licensing for a specific transaction if the President determines that the transaction is important to the national interests of the United States.



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