Treasury Lists Countries Requiring Cooperation with International Boycotts
The Treasury Department has published its current list of countries that may require participation in, or cooperation with, an international boycott. The countries included on this list are:
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| Bahrain | Qatar |
| Kuwait | Saudi Arabia |
| Lebanon | Syria |
| Libya | United Arab Emirates |
| Oman | Republic of Yemen |
BIS Regulations Prohibit Compliances with Unsanctioned International Boycotts
The Export Administration Regulations (EAR) prohibit U.S. individuals and companies from, among other things, refusing or agreeing to refuse to do business with others because of foreign boycotts that are directed against countries friendly to the U.S. and not sanctioned by U.S. law. The EAR requires U.S. persons to report quarterly requests they have received to take certain actions to comply with, further, or support an unsanctioned boycott. EAR reports are filed quarterly on form BXA 621-P (single requests) or form BXA 6051-P (multiple requests).
The Bureau of Industry and Security (BIS) has previously stated that the Arab League boycott of Israel is the principal foreign economic boycott that U.S. companies must be concerned with today. However, BIS has noted that the antiboycott laws apply to all boycotts imposed by foreign countries that are unsanctioned by the U.S.
Additional information, including a link to the antiboycott regulations, examples of recent boycott requests, etc., are available on the Web site of the BIS's Office of Antiboycott Compliance at http://www.bxa.doc.gov/AntiboycottCompliance/OACRequirements.html. In addition, the BIS also posts to its Web site (http://www.bis.doc.gov/) press releases of actions it takes against U.S. companies for violations of its antiboycott regulations.
Treasury Notice (FR Pub 01/09/04) available at http://a257.g.akamaitech.net/7/257/2422/14mar20010800/edocket.access.gpo.gov/2004/pdf/04-445.pdfarchives.gov.