Middle East Economic Survey


No 39


US Ends Trade Sanctions On Libya

In an executive order issued on 20 September US President George W Bush permanently lifted trade sanctions against Libya, removed limits on aviation links between the two countries and ended the freeze on $1.3bn of Libyan assets in the US. The order said that the situation that gave rise to the string of sanctions against Tripoli had been significantly altered by Libyas commitments and actions to...