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OFAC Removes Côte d’Ivoire Sanctions Regulations

Friday, November 10, 2017
Sandler, Travis & Rosenberg Trade Report

The Office of Foreign Assets Control has issued a final rule that, effective Nov. 13, removes the Côte d’Ivoire Sanctions Regulations as a result of the termination of the national emergency on which those regulations were based. Executive Order 13396 issued in February 2006 declared that emergency and imposed economic sanctions due to concerns about human rights abuses and political violence. However, EO 13739 issued in September 2016 terminated the emergency and lifted the sanctions in light of the progress achieved in stabilizing Côte d’Ivoire, including the successful conduct of the October 2015 presidential election, progress on the management of arms and related materiel, and the combatting of illicit trafficking in natural resources.

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