“We are pleased that both Congress and the President have made an effort to take a more targeted approach to sanctions as opposed to imposing broad-based unilateral measures,” said NFTC President and USA*Engage Co-Chair Bill Reinsch. “The reality is that sanctions, no matter how well-intentioned, have the potential to add innumerable complications to our foreign policy and the good faith efforts of
The study is a follow-up to a 2002 sanctions report commissioned by
In addition, the study shows that during this five-year period, Congress imposed new unilateral sanctions at a rate more frequent than the President, and Congress in particular continues to demonstrate an interest in pursuing broader unilateral sanctions. This summer senior
“Though we are optimistic about the shift towards a more targeted approach, we will continue to press the Administration and Congress to consider the full impact of future unilateral sanctions proposals,” continued Reinsch. “Nobody would doubt the appropriateness of targeted sanctions aimed at freezing terrorist assets or for other important national security reasons. But as the lengthy catalog of sanctions and economic levers in this study shows, there is a patchwork of measures and potential measures already on the books. The U.S. Government needs to consider any new sanctions with great care.“
A complete copy of the new study is available at www.usaengage.org.
USA*Engage (www.usaengage.org) is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council, USA*Engage leads a campaign to inform policy-makers, opinion-leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy.
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in