Export – Import Bank Financing Postponed in United States

Export – Import Bank Financing Postponed in the History of U.S. Economic Sanctions Imposed against China

Note: the status of this economic sanction is: Lifted

Date of the sanction(s): APRIL 24, 1996

Amidst reports that China had shipped ring magnets to Pakistan in 1995, and was otherwise supporting Pakistan’s nuclear weapons program, the Secretary of State, for a second time in as many months, asked the Export-Import Bank to postpone any financing for United States companies planning to export to China until further notice [52].

Sanctions by Authority:

Sec. 2(b)(2) of the Export-Import Bank Act of 1945 [P.L. 79-173; 12 U.S.C. 635(b)(2)]

Occasion(s) Detailed

See February 28, 1996, for earlier sanction ; see also May 10, 1996, for lifting of sanction

Note: Based on the China: U.S. Economic Sanctions Report.

Lifted: Export-import Bank Financing Postponed in the History of U.S. Economic Sanctions Imposed against China

Date of the sanction(s): MAY 10, 1996

In a letter to the President of the Export-Import Bank of the United States, The Secretary of State revoked his determination that prohibited ExIm financing for United States companies planning to export to China, effective immediately [53].

Sanctions by Authority:

Sec. 2(b)(2) of the Export-Import Bank Act of 1945 [P.L. 79-173; 12 U.S.C. 635(b)(2)]

Occasion(s) Detailed

See April 24, 1996, for original sanction

Note: Based on the China: U.S. Economic Sanctions Report.

Resources

Notes and References

1. 53 Smith, Jeffrey R. and Ann Devroy. “U.S. Asks China to End Shipments.” Washington Post, February 28, 1996. p. A23.

Resources

Notes and References

1. 52 Letter from Under Secretary of State for Economic, Business, and Agricultural Affairs, to President and Chairman of the Export-Import Bank of the United States, April 24, 1996.