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Carter signs law limiting corporate involvement in Arab boycott
President Carter signed a bill extending the 1969 Export Administration Act to curb corporate participation in the Arab boycott of Israel. The measure allows limited compliance with local import laws, imposes fines for boycott participation, and includes an 18 month grace for contracts signed before May 16. He stressed ties with Israel and urged business leaders to join a partnership for energy conservation.
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al Ullman
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