Abady Law Firm, P.C. – Customs and Import/Export Attorney Blog
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Import Export Attorney: Sanctions and Embargoes
Sanctions and embargoes can be thought of as political coercive measures. Examples include the prohibition of doing business with certain countries, governments or individuals. The reason behind these measures are to compel those countries, governments or individuals to comply with international laws or other obligations in order to maintain national-security and safety objectives.
The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
Such examples of countries under the embargo include Cuba, Iran, and North Korea. Importers must ensure that their shipments are imported or exported before the effective date of the embargo. The government is not flexible as to allowing any merchandise leave or enter the country ince the effective date has passed. If any of your merchandise is subject to a sanction or embargo it is best to consult with a professional who can guide you as to your rights with respect to your product.
Happy Importing 🙂This entry was posted in Customs Attorney, Customs Lawyer, Import Export Attorney, Import Export Lawyer, Sanctions and Embargoes, Uncategorized.