Prohibition on Export-import Bank Programs in United States
Waived: Prohibition on Export-import Bank Programs in the History of U.S. Economic Sanctions Imposed against China
Note: the date of this economic sanction is: MARCH 7, 1988
President Reagan determined that it was in the national interest for the Export-Import Bank to extend a $151 million credit to China to allow the purchase of equipment and services to build the Shidongkou coal-fired power plant. Section 2(b)(2)(D)(ii) of the Export-Import Bank Act of 1945 requires the President to issue a separate determination when loans equal or exceed $50 million.
Sanctions by Authority:
Sec. 2(b)(2) of the Export-Import Bank Act of 1945, as amended [P.L. 79-173; 12 U.S.C. 635(b)(2)]; Presidential Determination 88-11, March 7, 1988 (53 F.R. 9423)
Occasion(s) Detailed
See January 6, 1964, for original sanction ; see also October 15, 1986, for continuation of sanction
Note: Based on the China: U.S. Economic Sanctions Report.
Waived: Prohibition on Export-import Bank Programs in the History of U.S. Economic Sanctions Imposed against China
Date of the sanction(s): SEPTEMBER 30, 1994
President Clinton determined that it was in the national interest for the Export-Import Bank to extend 4 million in credit to China to allow the purchase of United States equipment and services for the expansion of the Ligang power station in Jiangsu Province. Section 2(b)(2)(D)(ii) of the Export-Import Bank Act of 1945 requires the President to issue a separate determination when loans equal or exceed million.
Sanctions by Authority:
Sec. 2(b)(2) of the Export-Import Bank Act of 1945, as amended [P.L. 79-173; 12 U.S.C. 635(b)(2)]; Presidential Determination 94-53, March 7, 1988 (59 F.R. 51483)
Occasion(s) Detailed
See January 6, 1964, for original sanction ; see also October 15, 1986, for continuation of sanction
Note: Based on the China: U.S. Economic Sanctions Report.
Waived: Prohibition on Export-import Bank Programs in the History of U.S. Economic Sanctions Imposed against China
Date of the sanction(s): NOVEMBER 11, 1996
President Clinton determined that it was in the national interest for the Export-Import Bank to extend a loan of about 3 million to China in connection with the purchase of the nonnuclear balance of plant equipment and services from the United States for the Qinshan III nuclear power plant in Zhejiang Province. Section 2(b)(2)(D)(ii) of the Export-Import Bank Act of 1945 requires the President to issue a separate determination when loans equal or exceed million.
Sanctions by Authority:
Sec. 2(b)(2) of the Export-Import Bank Act of 1945, as amended [P.L. 79-173; 12 U.S.C. 635(b)(2)]; Presidential Determination 97-2, November 11, 1996 (61 F.R. 59805)
Occasion(s) Detailed
See January 6, 1964, for original sanction ; see also October 15, 1986, for continuation of sanction
Note: Based on the China: U.S. Economic Sanctions Report.