Sentence examples for exports take effect from inspiring English sources

Less than three weeks before stringent American sanctions intended to reduce Iran's oil exports take effect, "the Obama administration announced on Monday that it would exempt seven major importers of Iranian oil — but not China — from the measures because these countries had 'significantly reduced' their oil purchases from Iran," Mark Landler writes in The New York Times.

WASHINGTON — Less than three weeks before stringent American sanctions intended to reduce Iran's oil exports take effect, the Obama administration announced on Monday that it would exempt seven major importers of Iranian oil — but not China — from the measures because these countries had "significantly reduced" their oil purchases from Iran.

But Western officials have emphasized in recent days that any removal of sanctions — or postponement of sanctions on oil exports that take effect July 1 — will require concrete action by Iran of the kind that the Baghdad meeting alone is unlikely to yield.

New oil export duties set to take effect in August, combined with an oil extraction tax that will come into effect next January, will raise an extra £1.68bn in revenue for the state, while shaving 3% off Sibneft's earnings forecast for 2004.

OPEC's lack of action this time around would leave Iran facing the dual problem of reduced prices and lower volumes to export once European Union sanctions take effect in July.

Mr. Lamy must now decide whether to impose sanctions on the $2.1 billion worth of American exports on his list, which could take effect as early as May.

Oil and petrochemical exports account for between 50% and 70% of the government's revenues.To give markets time to adjust, the oil embargo (affecting about 25% of Iran's exports, or 600,000 barrels a day) will not take effect until July.

The policy, which will take effect this month, will lift export curbs on items like silk and remove import restrictions on items like spices.

A new global treaty that imposes restrictions on exports of genetically modified seeds, animals and crops is set to take effect, injecting a new element into already heated international disputes over agricultural biotechnology.

On Thursday, Iran threatened to terminate oil exports to European nations even before a European embargo on Iranian oil was to take effect this summer.

With the new rules, which take effect Sunday, Jakarta hopes to increase investment in domestic ore processing to increase exports of higher-value finished metals.