171 bis annual report 2002 available online at

Info icon This preview shows pages 42–44. Sign up to view the full content.

View Full Document Right Arrow Icon
171 BIS Annual Report 2002 . Available online at: http://www.bis.doc.gov/news/2003/AnnualReport/ index.htm. 172 NEC online information. Available at: http://nec.bis.doc.gov.
Image of page 42

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
United States WT/TPR/S/126 Page 74 cooperative technical assistance programmes, and coordinating efforts with the inter-agency Export Control and Border Security (EXBS) Programme, which the State Department oversees. 8. The Transhipment Country Export Control Initiative (TECI), another BIS initiative launched in 2002, seeks to strengthen compliance with international export norms and with U.S. export control laws in global transshipment hubs by countering illegal diversion of controlled goods. TECI complements other trade security initiatives including the EXBS Program, the Container Security Initiative, and the Customs-Trade Partnership Against Terrorism. 9. The Department of State controls the export of defence articles, services, and related technological data under the authority of the Arms Export Control Act. 173 These are specified on the U.S. Munitions List, which was substantially reviewed in 2002, especially in areas of propellants and explosives, nuclear and chemical-related commodities, and technology. There are no plans to change the sharing of responsibility for export control between the State Department and the BIS. 10. Under the authority of the IEEPA, the Trading with the Enemy Act, the United Nations Participation Act, and under anti-terrorism measures, the Department of Treasury's Office of Foreign Assets Control (OFAC) administers economic and trade sanctions, and may in this capacity restrict exports to countries, entities, and individuals facing sanctions. 174 WTO Members facing export sanctions include Cuba, Myanmar, and Sierra Leone. Sanctions differ from country to country. 175 According to the authorities, exports of agricultural goods, medicines, and medical equipment to Cuba are allowed subject to a BIS export licensing requirement; and export restrictions to Sierra Leone are limited to arms. IEEPA sanctions against Angola were lifted in May 2003. In July 2003, the Government imposed sanctions on Myanmar in response to its continued lack of progress on human rights and democracy; they included a ban on exports of financial services. (4) O THER M EASURES A FFECTING P RODUCTION AND T RADE (i) Competition policies (a) Antitrust legislation and administration 1. U.S. antitrust legislation at the federal level is included in three main acts: the Sherman Antitrust Act (15 U.S.C. Sections 1-7), the Clayton Act (15 U.S.C. Section 12 et seq), and the Federal Trade Commission Act; provisions with respect to the trade aspects of competition policy are also included in other Acts. 176 Federal antitrust legislation covers all types of activities, including those related to foreign commerce of the United States, and a wide range of business practices; it is enforced by the Antitrust Division of the Department of Justice (criminal and civil enforcement), and by the Federal Trade Commission (FTC) (civil enforcement). U.S. antitrust law provides for enforcement actions by aggrieved private parties as well as by the Department of Justice and the FTC.
Image of page 43
Image of page 44
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern