Waiver Under the Trade Act of 1974 With Respect to the Republic of Belarus
Jul 6, 2009
Signed by: Barack Obama
Signed on: Jul 1, 2009
Published on: Jul 6, 2009
Jul 6, 2009
Signed by: Barack Obama
Signed on: Jul 1, 2009
Published on: Jul 6, 2009
Summary
Allows the United States to have more normal trade with the Republic of Belarus by lifting some rules from the Trade Act of 1974.
What problem does this solve?
Certain U.S. laws limited trade with the Republic of Belarus. This order removes those specific trade limits, which helps open up trade between the two countries.
What does this order do?
Waives trade restrictions for Belarus
Removes the rules from subsections (a) and (b) of section 402 of the Trade Act of 1974 for the Republic of Belarus, allowing for more normal trade relations.
Who does this affect?
- U.S. businesses
- The Republic of Belarus
What is the real world impact?
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Improves trade relations with Belarus
Removes specific legal barriers from the Trade Act of 1974, making it easier for the U.S. to trade with the Republic of Belarus. This can help build better economic and diplomatic ties between the two nations.
When does this start?
This order takes effect on July 1, 2009.