[Federal Register Volume 68, Number 174 (Tuesday, September 9, 2003)]
[Notices]
[Page 53213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22913]


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DEPARTMENT OF STATE


Bureau of Nonproliferation; Determination on Export-Import Bank 
Support for U.S. Exports to Iraq

[Public Notice 4473]

AGENCY: Bureau of Nonproliferation, Department of State.

ACTION: Notice.

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SUMMARY: Pursuant to section 2(b)(4) of the Export-Import Bank Act of 
1945, as amended, the President has determined and certified to 
Congress that it is in the national interest for the Export-Import Bank 
to guarantee, insure, or extend credit, or participate in the extension 
of credit in support of United States exports to Iraq.

EFFECTIVE DATE: October 17, 2003.

FOR FURTHER INFORMATION CONTACT: Caroline R. Russell, Office of 
Regional Affairs, Bureau of Nonproliferation, Department of State (202-
647-9786).

SUPPLEMENTARY INFORMATION: In accordance with section 2(b)(4) of the 
Export-Import Bank Act of 1945, as amended, the Department of State 
determined that, based on Iraqi activities first discovered in 1991, 
Iraq has materially violated a safeguards agreement with the 
International Atomic Energy Agency (IAEA). The violations occurred 
under the government of Saddam Hussein, which is no longer in power. As 
a result of this determination, under section 2(b)(4) of the Export-
Import Bank Act of 1945, the Board of Directors of the Export-Import 
Bank is prohibited from giving ``approval to guarantee, insure, or 
extend credit, or participate in the extension of credit in support of 
United States exports'' to Iraq.
    The President has determined and certified to Congress pursuant to 
section 2(b)(4) that ``it is in the national interest'' to waive the 
restrictions in the law and allow the Export-Import Bank to support 
United States exports to Iraq. This Presidential determination will 
enable the Export-Import Bank to approve support for United States 
exports to Iraq beginning October 17, 2003 (45 days after the date of 
the President's determination and certification).

    Dated: September 3, 2003.
Andrew K. Semmel,
Acting Assistant Secretary of State for Nonproliferation, Department of 
State.
[FR Doc. 03-22913 Filed 9-8-03; 8:45 am]
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