Federal Register / Vol. 59, No. 95 / Wednesday, May 18, 1994 / Rules and Regulations


VOL. 59, NO. 95

Wednesday, May 18, 1994




DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Part 580

Haitian Transactions Regulations; Expiration or Revocation of Assembly Sector Licenses

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Policy Statement.




SUMMARY: The Office of Foreign Assets Control will not renew the assembly
 sector licenses issued pursuant to the Haitian Transactions Regulations upon
 their expiration on May 31, 1994. In the event the trade prohibitions of
 United Nations Security Council Resolution 917 (``UNSCR 917'') take effect as
 scheduled at 11:59 p.m. Eastern Daylight Time (``EDT'') on May 21, 1994,
 those licenses will terminate at that time consistent with United States
 implementation of the requirements of the resolution. Persons wishing to
 return to the United States machinery, equipment, or raw materials previously
 exported to Haiti for use in producing goods for export to the United States
 may do so without specific licensing by the Office of Foreign Assets Control,
 provided that exportation from Haiti occurs before 11:59 p.m. EDT on May 21,
 1994.

EFFECTIVE DATE: May 16, 1994.

FOR FURTHER INFORMATION CONTACT: Steven I. Pinter, Chief of Licensing (tel.:
 202/622-2480), or William B. Hoffman, Chief Counsel (tel.: 202/622-2410),
 Office of Foreign Assets Control, Department of the Treasury, Washington,
 D.C. 20220.

SUPPLEMENTARY INFORMATION:

Electronic Availability

    This document is available as an electronic file on The Federal Bulletin
 Board the day of publication in the Federal Register. By modem dial 202/512 -
 1387 or call 202/512 - 1530 for disks or paper copies. This file is available
 in Postscript, WordPerfect 5.1 and ASCII.

Background

    Licenses issued pursuant to 580.515 of the Haitian Transactions
 Regulations, 31 CFR part 580 (the ``Regulations''), authorize transactions in
 connection with both the exportation to Haiti of specified parts and
 materials, and the importation into the United States of specified articles
 assembled in Haiti containing materials or parts exported from the United
 States. By a policy statement published on April 1, 1994, the expiration date
 of those licenses was extended to May 31, 1994 (59 FR 15342). The Office of
 Foreign Assets Control has determined that it will not renew these licenses
 beyond that date.
    
In addition, the authorizations contained in existing assembly sector licenses
 will terminate prior to their May 31, 1994 expiration if U.S. implementation
 of UNSCR 917 so requires. This resolution, adopted May 6, 1994, imposes a
 full trade embargo by UN member states against Haiti at 11:59 p.m. on May 21,
 1994, unless the Haitian regime and military take actions to comply with the
 requirements of the Governors Island Accord as specified in UNSCR 917.

    Accordingly, under the authority of 50 U.S.C. 1701 through 1706; E.O.
 12775, 3 CFR, 1991 Comp., p. 349; and E.O. 12779, 3 CFR, 1991 Comp., p. 367,
 the Office of Foreign Assets Control gives notice that:

    1. The expiration date for all licenses issued pursuant to 580.515 of the
 Regulations and in effect as of [insert date of filing] is May 31, 1994.

    2. Such licenses will terminate, effective 11:59 p.m. May 21, 1994, if
 required by U.S. implementation of UNSCR 917.

    3. Persons wishing to return to the United States machinery, equipment or
 raw materials previously exported to Haiti for use in producing goods for
 export to the United States are authorized to do so without specific
 licensing by the Office of Foreign Assets Control. However, the exportation
 from Haiti of such machinery, equipment, or raw materials must occur before
 the May 21 implementation of UNSCR 917.

    Dated: May 13, 1994.
Steven I. Pinter,
Acting Director, Office of Foreign Assets Control.

    Approved: May 13, 1994.
R. Richard Newcomb,
Acting Deputy Assistant Secretary (Law Enforcement).


[FR Doc. 94 - 12292 Filed 5 - 16 - 94; 3:40 pm]
BILLING CODE 4810 - 25 - F
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