United Nations economic sanctions
United Nations economic sanctions: Under Article 39 of the United Nations Charter, the Security Council can determine the existence of any threat to the peace, breach of the peace or act of aggression and make recommendations. It may also, under Article 41, decide on measures not involving the use of armed force to give effect to its decisions, and to call upon members of the United Nations to apply these measures. This may include complete or partial interruption of economic relations and of rail, sea, air, postal, telegraphic, radio and other means of communication, as well as the severance of diplomatic relations. The effectiveness of economic sanctions as a foreign policy tool has been hotly debated for many years. In nearly all cases, it is impossible to ensure that all United Nations members with a significant interest in the matter participate. This is partly because it can be difficult to convince countries that their exporters will not suffer equally or more than the industry in the country against which sanctions are directed. One of the security exceptions listed in GATT Article XXI allows WTO members to suspend their obligations under the Agreement to the extent necessary to comply with a United Nations decision.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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