After US, EU Agrees to Lift Sanctions on Libya
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Libya took another big stride out of diplomatic isolation on Wednesday when the European Union agreed to lift all sanctions on the North African country.
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EU foreign ministers agreed to lift  an arms embargo on Libya on Monday, despite fears for Bulgarian  and Palestinian medical workers sentenced to death there, but  imposed a visa ban on senior officials from Myanmar.
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Colonel Muammar Gaddafi is lifting a ban on Italian former settlers returning to Libya.
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The European Union will lift sanctions on US imports after President George W. Bush signed a law replacing an illegal export tax subsidy with a $145 billion package of new corporate tax cuts and a buyout for tobacco farmers.
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President Bush on Monday formally  ended the U.S. trade embargo on Libya to reward it for giving  up weapons of mass destruction but left in place some U.S.  terrorism-related sanctions.
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WASHINGTON : US President George W. Bush removed most economic sanctions on Libya, clearing the way for the payment of another tranche of compensation to the victims of the 1988 Lockerbie bombing.
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WASHINGTON -- President Bush has decided to lift sanctions against Libya, which he expects to trigger the release of more than $1 billion to families of PanAm Flight 103 victims, a senior administration official said yesterday.
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The European Union said today that it was removing $4 billion in trade sanctions on American products after the United States repealed what the Europeans considered an illegal
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President Bush on Monday formally ended the US trade embargo on Libya to reward it for giving up weapons of mass destruction but left in place US terrorism-related sanctions.
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Libya withdraws $1bn of unfrozen assets from the US after a trade embargo is lifted as a reward for giving up weapons of mass destruction.
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US President George W. Bush removed some economic restrictions on Libya after Tripoli addressed global concerns on dangerous weapons.
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US President George W. Bush had decided to lift sanctions against Libya in a move expected to trigger the release of more than $US1 billion ($1.
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BRUSSELS -- The European Union moved to lift hundreds of millions of dollars in trade sanctions against US exporters, responding to sweeping new US corporate-tax legislation that closes tax breaks ruled illegal by the World Trade Organization.
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The European Union has agreed to implement last year's U.N. decision to lift economic sanctions on Libya as well as ending its arms embargo on the North African country, diplomats said on Wednesday.
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EU foreign ministers agreed to lift an arms embargo on Libya on Monday, despite fears for Bulgarian and Palestinian medical workers sentenced to death there, but imposed a visa ban on senior officials from Myanmar.
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A Foreign Office spokesman said Colonel Gadaffi had made good his promise of December last year to scrap his WMD, adding that the US had now agreed to lift its remaining sanctions against the Tripoli regime.
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The European Union on Monday lifted its embargo on Liberian diamonds, following a decision by the UN Security Council in April that the trade in &quot;blood diamonds&quot; from the country has been stemmed.