OFAC is the US Treasury Department, which is responsible for economic and
trade sanctions against countries and individuals accused by the US authorities of involvement in terrorism, drug trafficking, human rights violations, the proliferation of weapons of mass destruction, transnational organized crime and other unlawful activities.
The Pelly Amendment authorizes the president to impose
trade sanctions against another country for «diminishing the effectiveness» of conservation agreements: In Iceland's case, the International Whaling Commission, which bans commercial whaling, and the Convention on International Trade in Endangered Species of Wild Fauna and Flora, which prohibits international commercial trade in whale products.
Iceland's commercial whaling policy is considered archaic and cruel by the rest of the world and we ask the U.S. to impose
trade sanctions against it.»
In 1994 LaBudde and ESP spearheaded efforts to expose Asia's illegal black market trade in endangered species which resulted in the U.S. implementation of
trade sanctions against Taiwan for illegal commerce in rhino horn and tiger bone, and passage of domestic legislation in China, South Korea and Hong Kong to ban the trade.
In 1988 and 2000, federal officials considered imposing
trade sanctions against Japan because Japan violated international whaling rules.
The notion of turning coal into liquid fuels on a big scale has simmered for decades, but only
the trade sanctions against apartheid in South Africa resulted in anyone reviving the Nazi - era technology — until now.
The bill's earlier version called for
trade sanctions against governments that persecute religious groups.
Rightly or wrongly, many Chinese officials feel China has done its share and more in restricting trade with North Korea — only for Trump to push ahead with tough
trade sanctions against China anyway.
Not exact matches
From his first meeting with Xi, Trump promised that if China would cooperate in tightening economic
sanctions on North Korea, the US would refrain from taking a hard line
against what it perceived to be China's unfair
trade practices.
Stephen Innes, head of
trading for Asia - Pacific at futures brokerage OANDA, said new
sanctions against Tehran «could...
On Monday, barely a week after China voted in favor of tough new United Nations
sanctions against North Korea, the Trump administration launched an investigation into whether China is pirating the intellectual property of American firms under Section 301 of the 1974
Trade Act.
The United States on Tuesday imposed
sanctions against 13 Chinese and North Korean organizations Washington accused of helping evade nuclear restrictions
against Pyongyang and supporting the country through
trade of commodities like coal.
China, North Korea's biggest
trading partner, has joined United Nations
sanctions against the North that have cut
trade between them by around 90 percent.
China has denied that its laws require technology transfers and has threatened to retaliate
against any US tariffs with
trade sanctions of its own, with potential targets such as US soybeans, aircraft, or heavy equipment.
Imposing tough
sanctions would fulfill the president's promises but could tip off
trade wars around the world as other countries seek to retaliate
against the United States.
China has denied that its laws require technology transfers and has threatened to retaliate
against any U.S. tariffs with
trade sanctions of its own, with potential targets such as U.S. soybeans, aircraft or heavy equipment.
A number of business groups are also arguing
against further
sanctions, including the U.S. Chamber of Commerce, several tech groups and
trade associations that represent retailers, agriculture, telecommunications, clothing and the auto parts industry.
The US and Brazil recently ended a long - standing
trade dispute over cotton, avoiding Brazil's scheduled application of $ 830 million in WTO - approved
sanctions against the US.
Then, China cut its dairy imports after stockpiling milk powder, and Russia imposed
sanctions against the U.S. by halting
trade.
Except
against countries from which we import oil or certain rare earths we can impose
trade sanctions with impunity at the national scale.
China immediately recognized the result with the EU eventually following suit, although the United States only certified Kenyatta's victory one month after the actual election, backtracking on pre-election threats of
trade sanctions due to concerns with the ICC charges
against the president - elect.
Further adding to these policy changes are active steps taken by the administration to impose tariffs or
sanctions against the US»
trade partners for treatment deemed «unfair».
While U.N. sponsored
sanctions against smaller countries like Burma or Iran had only a limited impact in Canada, the Russia - focused restrictions on
trade and investment have already affected a surprisingly large portion of the Canadian economy.
«Self -
sanctioning is something that a number of Canadian and other western companies have done,» says Lou Naumovski, director general of the Kinross Moscow office and chairman of the board of directors of the Canada Eurasia Russia Business Association, a
trade organization that has spoken out frequently
against the economic
sanctions.
But for a smaller
trade partner with no obvious ties to the Kremlin or the military, it may be enough to check names
against sanctions lists and ask for some sort of assurance that proscribed partners are not involved.
The measures will strengthen the existing
sanctions already in place
against Iran and make even legitimate
trade with Iran more difficult.
Greta Lichtenbaum, a partner at O'Melveny & Myers whose practice includes international
trade and regulatory compliance, answered questions about the impact on multinational companies of the Trump administration's renewed
sanctions against Iran.
In the civil courts currently instructed by the Equality and Human Rights Commission in a claim of race discrimination
against the Open University regarding its policy of excluding Cuban students (since revoked) pursuant to US
trade sanctions.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury administers and enforces economic and
trade sanctions based on U.S. foreign policy and national security goals
against targeted foreign countries and individuals.