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I further find that, as we deal with that threat through multilateral diplomacy, it is necessary to continue certain restrictions with respect to North Korea that would otherwise be lifted pursuant to a forthcoming proclamation that will terminate the exercise of authorities under the Trading With the Enemy Act (50 U.S.C. App. 1 et seq.) (TWEA) with respect to North Korea.
Section 1. Except to the extent provided in statutes or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the date of this order, the following are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in:
all property and interests in property of North Korea or a North Korean national that, pursuant to the President's authorities under the TWEA, the exercise of which has been continued in accordance with section 101(b) of Public Law 95-223 (91 Stat. 1625; 50 U.S.C. App. 5(b) note), were blocked as of June 16, 2000, and remained blocked immediately prior to the date of this order.
Sec. 2. Except to the extent provided in statutes or in regulations, orders, directives, or licenses that may be issued pursuant to this order, and notwithstanding any contract entered into or any license or permit granted prior to the date of this order, United States persons may not register a vessel in North Korea, obtain authorization for a vessel to fly the North Korean flag, or own, lease, operate, or insure any vessel flagged by North Korea.
Originally posted by TheComte
I thought things were getting better with N. Korea. I just saw them blow up the nuclear tower on the news. Why the sudden reversal?
Basically, it's just prohibiting people in the United States from dealing with North Korea.
Nothing exciting here.
Originally posted by TheComte
I thought things were getting better with N. Korea. I just saw them blow up the nuclear tower on the news. Why the sudden reversal?
NORTH Korea and the US yesterday took their biggest steps towards reconciliation since the Korean War after the reclusive state handed China a long-delayed account of its nuclear activities.
President Bush responded by announcing that he would lift trade sanctions dating back to the 1950-53 conflict and remove North Korea from the US terrorism blacklist. The moves could be reversed quickly if North Korea, which tested a nuclear device two years ago, does not comply with US demands to abandon its nuclear programme in a verifiable way.
Originally posted by jkrog08
reply to post by bamaoutlaw
Sounds like Emperor Palpatine's speech in Attack of the Clones where he declared 'emergency powers',whats next Bush creating a 'grand army of the republic'?On a serious note it sounds like what we did to Japan prior to the bombing of Pearl Harbor,I know we have been doing this since 2001,but to keep doing could exaggerate some things between us and North Korea.
[edit on 6/27/2008 by jkrog08]
Originally posted by jkrog08
reply to post by Element-115
Your avatar is Emperor Palpatine from Star Wars,but what is the 'Shadow Wars'??