President Bush dramatically eased the U.S. trade embargo on Libya on Friday to allow U.S. companies to resume most trade and buy Libyan oil as a reward to Tripoli for giving up weapons of mass destruction. Bush also withdrew the U.S. objection to Libya entering the World Trade Organization, the latest sign of warming U.S.-Libyan ties since Tripoli’s Dec. 19 announcement that it would cease pursing chemical, biological and nuclear weapons. “Through its actions, Libya has set a standard that we hope other nations will emulate in rejecting weapons of mass destruction,” the White House said in a statement. “Libyan actions … have made our country and the world safer.” Full Story
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