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Trade sanctions: Assess the risks and have a compliance program

Tuesday, August 14, 2018 @ 10:23 AM | By Michael Carey

At the beginning of August, 2018, Saudi Arabia imposed significant sanctions against Canada. Trade sanctions punish governments or individuals for unwanted activities. Targets of trade sanctions suffer economically, and the country imposing them intends to alter the target’s behaviour. In this case, Saudi Arabia imposed sanctions in response to a tweet from Canada's Foreign Affairs Department that it was “gravely concerned” about the arrest of political activists in Saudi Arabia. Canada’s government has, as of writing, refused to alter its position on human rights in Saudi...