Regulations Prohibiting Transactions Involving the Shipment of Certain Merchandise Between Foreign Countries; Partial Lifting of Restrictions

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The Treasury Department is lifting prospectively prohibitions set forth in the Transaction Control Regulations as they relate to offshore trade in strategic goods of the types controlled for exportation from the United States for national security reasons under the Export Administration Act of 1979. Offshore transactions in items of the types controlled for exportation under the Arms Export Control Act of 1976 or the Atomic Energy Act of 1954 remain subject to the prohibitions.