International Trade Law News

The Treasury Department's Office of Foreign Assets Control (OFAC) published a notice in today's Federal Register requesting the public to submit written comments on the effectiveness of OFAC's licensing procedures implementing the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), for the exportation of agricultural commodities, medicine, and medical devices to Sudan and Iran (the TSRA licensing requirement on exports to Libya were lifted on April 29, 2004). The comments will be included in OFAC's second biennial report to the Congress on the TSRA licensing program. Comments are due on September 8, 2004.

All exporters that have applied for or received an OFAC license under the TSRA Ag/Med program to export agricultural and medical products to Iran, Sudan and Libya are requested to submit comments on their experience with the program. In particular, comments should be submitted on the amount of time elapsed from the date of filing of a license application until the date of its approval. Please contact us at info@djacobsonlaw.com if you would like your TSRA-related comments to be submitted to OFAC.