For example, in 1940, before the United States entry into World War II the president imposed broad prohibitions on the transfer of property in which Norway or Denmark, or any citizen or national of those countries, or any other person aiding those countries, had any interest, with the exception of transfers which were licensed under the regulations of the Department of the Treasury.
[2] The British Trading with the Enemy Act 1939 was applied to Mandatory Palestine, as to other British-ruled territories.
On the creation of Israel in 1948, it was retained as an Israeli law and the various Arab countries named in it as "The Enemy".
It is still in force as of 2024[update], though Egypt and Jordan were removed from its application with the respective peace agreements Israel signed with them.
While Iraq is defined as an enemy state, a temporary permit for Israelis to trade with Iraqi companies and individuals has been granted and has been renewed on an annual basis.