U.S. Lifts Majority of Sanctions against Libya

President Bush has lifted most of the remaining trade sanction on Libya. As a reward for Libya's renunciation of Weapons of Mass Destruction and its recent co-operation in the fight against international terrorism the US has removed most trade barriers. However, Libya remains on the state sponsors of terrorism list and full diplomatic relations have yet to be re-established. A number of US Oil companies can reactivate their investments which have remained frozen over the last 20 years.
Families of victims of the Lockerbie
Flight 103 bombing by Libya are less enthusiastic and accuse the Bush administration of being more concerned about oil than justice for the loss of their loved ones.

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