President George W. Bush announced two actions in response to North Korea's declaration of its nuclear program, National Security Adviser Stephen Hadley told reporters. Bush issued a proclamation lifting some sanctions against North Korea under the Trading with the Enemy Act, and he notified Congress of his intent to remove North Korea from being listed as a state sponsor of terrorism within 45 days.
The sanctions being removed affect some financial transfers by the North Korean government, commerce and shipping, Hadley said.
"These (sanctions) will expire so far as they look to the Trading with the Enemies Act as the statutory basis for their being imposed," he said.
However, two other prohibitions will remain in effect through an executive order Bush signed Thursday, Hadley said. They concern U.S. entities interacting with ships under the North Korean flag and freezing certain assets that were frozen in 2000.
"We appreciate the declaration, obviously, that North Korea has provided to China today," the adviser said.
However, the administration remains concerned about issues such as nuclear capability and nuclear weapons proliferation that will be addressed through the verification and monitoring process, Hadley said.
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