US lifts sanctions imposed on its companies and banks dealing with Libya   2004-09-21/ The United States of America has decided to completely remove all sanction measures imposed on the American companies and banks dealings with Libya. The American president, George Bush, issued Monday an executive order to end the four executive orders which have been imposed by America by virtue of which the USA imposed restrictions on American companies and banks on dealings with Libya. By virtue of this new executive order issued by President Bush Monday the restrictions on travel, trade and air flights to and from Libya were lifted including scheduled and chartered air flights. It also includes the unblocking of all frozen Libyan assets in the American Banks and the Libyan properties in the United States of America. The executive order also allows American companies to pay taxes to Libya as well as permits granting of export credits and guarantees permits American exporters to invest in Libya. President Bush confirmed that making this executive order is in line with the desire of the United States to promote and develop bilateral relations with Libya.