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Office of the Press Secretary

For Immediate Release September 17, 1999


Easing Sanctions Against North Korea

On September 17, 1999, the President announced his decision to ease some of the sanctions in place against the Democratic Peoples Republic of Korea (North Korea) that are administered under the Trading with the Enemy Act, the Defense Production Act, and the Department of Commerce's Export Administration Regulations. The Departments of Commerce, Transportation and Treasury have begun the process of modifying regulations to implement the President's decision. That process may take several months. Examples of activities on which restrictions will be eased are:

Restrictions associated with North Korea's designation as a terrorist-supporting state will remain in place. These restrictions affect trade and/or financial transactions with certain North Korean entities. Examples of activities that still will not be permitted due to these restrictions are:

In addition, statutory restrictions such as U.S. missile technology sanctions remain in place, as do restrictions based on multilateral arrangements and nonproliferation controls. An illustrative list of the restrictions that will continue are:

Finally, assets currently blocked under the Trading With the Enemy Act remain frozen, and claims settlements issues are not addressed by this initiative.