PRESENTATION OUTLINE
Lebanon: Sanctions and Embargoes
Remember!
- What is a sanction....
- What is an emabrgo...
ENFORCEMENT OF SANCTION
- On August 11, 2006 Canada imposed its trade sanction on Lebanon.
- Canada was acting under the laws of the Charter of the UN.
Hezbollah Attack
- The Hezbollah attack instigated the sanction.
- Non-stop violence outbreak between Israelis and Lebanese militants.
- Government of Canada and the UN were concerned with the extensive damage.
Emphasis on: The Hezbollah Attack
An embargo was placed on any arms and related materials.
No prohibitions on travel to and from Lebanon.
Restricted technical assistance
SANCTION EFFECT ON LEBANON
- Can positively impact the policitcal and economic instability
- Bad for consumers and businesses, because it increases cost.
- Detrimental to Lebanon's GDP
SANCTION EFFECT ON CANADA
- Reduction of choice of goods and services that domestic consumers will have
- Increase cost of doing business for companies that supply sanctioned goods
- The sanction can lead to trading consequences with Lebanon.