U.S. Treasury removes UAE from list of countries cooperating with international boycott
Countries cooperating with international boycott
The U.S. Treasury Department today released for publication in the Federal Register a quarterly list of countries that require (or may require) participation in, or cooperation with, an international boycott (within the meaning of Internal Revenue Code section 999(b)(3)).*
*Section 999(a)(3) directs the Treasury Secretary to maintain and publish, at least on a quarterly basis, a list of countries that require (or may require) participation with an international boycott.
Today’s Treasury release [PDF 143 KB] announces the removal of the United Arab Emirates from the list of countries cooperating with an international boycott. This reflects the first change to the list of countries cooperating with an international boycott in many years.
According to the U.S. Treasury Department, the UAE has been removed from the list because the UAE issued a decree to repeal its legislation mandating a boycott of Israel, and further because of subsequent actions by the UAE government to implement this new policy.
Today’s list is provided under the U.S. international boycott rules of section 999(a)(3), and the countries on the current list are:
- Saudi Arabia
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