Prohibited Export-import Bank Financing in United States
Prohibited Export-import Bank Financing in the History of U.S. Economic Sanctions Imposed against China
Note: the status of this economic sanction is: Waived
Date of the sanction(s): DECEMBER 19, 1989
Notwithstanding other prohibitions on Export-Import Bank programs with China, Congress stipulated that unless certain conditions were met, the Export-Import Bank could not provide financing, credit, guarantees, insurance, or reinsurance for any trade with China. The sanctions could be waived if the President reported to Congress that China had implemented political reforms, including in Tibet, or the President determined it was in the national interest.
Sanctions by Authority:
Sec. 103 of the International Development and Finance Act of 1989 [P.L. 101-240; 12 U.S.C. 635 note]
Occasion(s) Detailed
See December 19, 1989, for waiver of sanction
Note: Based on the China: U.S. Economic Sanctions Report.
Leave a Reply