BRUSSELS, July 9 (Xinhua) - The European Union (EU) on Wednesday lifted
trade sanctions against Iraq in accordance with United Nations Security Council
Resolution 1483 of May 22, 2003.
The trade embargo, which had been in force since 1996, will be lifted with
retroactive effe
ct to May 23, according to an online Newsletter Europe
Information Service (EIS).
The only exceptions are trade in arms and heritage goods, which remain
banned, the EIS added.
EU Trade Commissioner Pascal Lamy said the EU was ready to do everything it
can to support efforts to establish a functioning customs authority in Iraq.
The EU is also considering to offer Iraq the system of generalized
preferences, a unilateral tariff system that enables manufactured products and
certain agricultural products exported by developing countries to be sold on the
EU market with a total or partial suspension of import taxes.
Since it was imposed 13 years ago when Iraq invaded Kuwait, the total
embargo had been amended several times. The final amendment was in May 2002 when
the United Nations (UN) decided to maintain the "oil for food" program for the
next six months. End