Export Control & Sanctions

I. Purpose

The purpose of this policy is to ensure compliance by the Company with respect to applicable export and import control laws, antiboycott laws and trade and commercial embargoes.

II. Policy

  • The Company will abide by import and export laws applicable to it in its worldwide operations. Export of U.S. origin products, services or technology will comply with U.S. export laws which take into account the nature of the item, the country of destination, the identity of the end user and the proposed end use. The applicable laws in each country the Company does business must be followed, but there are some U.S. Laws that apply to subsidiary companies located outside the U.S. as the parent company, Alamo Group Inc., is a U.S. company.
  • The Company will not participate in any transactions with U.S. embargoed countries or entities known to be owned, controlled or organized in such countries. Certain countries are subject to U.S. sanctions which restrict but do not halt trade with those countries.

    As of June 30, 2005, Cuba, Iran and the Sudan are subject to comprehensive U.S. embargoes. With few exceptions Syria is also embargoed by the U.S. Burma/Myanmar is subject to U.S. export controls but trade is not forbidden. Certain controlled items may not be exported to North Korea. Libya is no longer subject to a comprehensive embargo nor is Iraq, but to export certain sensitive items to either country can require a license from the U.S. Government.
  • No employee of the Company shall refuse to do business with any country, entity or person for boycott-related purposes such as the Arab League boycott of Israel. Any Agreements with boycott language in them should be reported to the Legal Department for reporting to the U.S. government as required.

III. Procedure

If you wish to make a sale to any of the countries, discussed above, contact the Legal Department.



Last updated 06 July 2005


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