The White House, President George W. Bush Click to print this document
Renewal in Iraq

For Immediate Release
May 8, 2003

Global Message

KEY POINTS: LIFTING U.S. SANCTIONS AGAINST IRAQ

President Bush has suspended the Iraq Sanctions Act of 1990 imposed by the United States against Iraq's old regime.

President George W. Bush says goodbye to Danish Prime Minister Anders Fogh Rasmussen in the Oval Office Thursday, May 8, 2003. Also present are National Security Advisor Condoleezza Rice and Denmark’s Ambassador to the U.S. Ulrik Federspiel.  White House photo by Eric Draper The U.S. has also suspended certain unilateral economic sanctions against Iraq as they begin the process of rebuilding their lives after more than two decades of brutal dictatorship.

At the President's request, the U.S. Treasury has issued four new general licenses permitting many transactions previously prohibited, including:

The regime that was once target of our economic sanctions has been extinguished, and our mission is to now rebuild Iraq. Lifting sanctions is an essential step in providing for the humanitarian and reconstruction needs of Iraq.

COALITION EFFORTS TO UNCOVER IRAQI WMD PROGRAMS

The Coalition has a comprehensive approach to identify, assess and eliminate Iraq's WMD programs and delivery systems. The effort is focused on:

"As time goes by and the more we learn, I'm sure we're going to discover that the WMD programs are as extensive and as varied as the secretary of States reported in his February address."

Steve Cambone, Defense Department Press Briefing, 5/7/03


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