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Recent United States Trade Restrictions Affecting Trade With Cuba, Iran and Libya--A View From outside the United States

Peter L. Glossop, International Resources Law: Today's Oil, Gas, and Mining Projects (1997)

This paper reviews recent United States laws imposing liability on persons trading with Cuba, Iran and Libya. These so-called “extraterritorial” laws affect business activities with no connections to the United States. As a result, they are extremely controversial among America's trading partners, particularly Canada and the European Union (“EU”).

After summarizing the U.S. laws, this paper will outline the debate about their validity under international law. The paper then describes the Canadian and EU laws which attempt to block the impact of the U.S. laws.1 The paper extensively examines numerous practical problems arising out of the conflict between U.S. law and Canadian law.