Prohibition on Export-import in United States

Waived: Prohibition on Export-import Bank Financing in the History of U.S. Economic Sanctions Imposed against China

Note: the date of this economic sanction is: DECEMBER 19, 1989

On the same day the President signed the International Development and Finance Act of 1989, he waived the sanctions against China contained in the Act concerning the Export-Import Bank [30].

Sanctions by Authority:

Sec. 103(c)(2) 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 original 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

Note: the date of this economic sanction is: SEPTEMBER 29, 1988

President Reagan determined it was in the national interest for the Export-Import Bank to extend an million credit to China to allow the purchase of equipment and services to manufacture color television picture tube glass. 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 88-25, September 29, 1988 (53 F.R. 40013)

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): APRIL 21, 1995

President Clinton determined that it was in the national interest for the Export-Import Bank to extend a loan of 7 million to China in connection with the purchase of United States equipment and services for the expansion of a power plant in Dalian, in Liaoning 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 95-18, April 21, 1995 (60 F.R. 22447)

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.

Resources

See Also

Resources

See Also

Resources

Notes and References

1. 30 U.S. President, 1989- (Bush). “Letter to the Speaker of the House and the President of the Senate on the Termination of Restrictions on Trade With China, December 19, 1989.” Weekly Compilation of Presidential Documents, v. 235, December 25, 1989. p. 1973.