Table of Contents
Why do we have an embargo with Iran?
The US has imposed sanctions against Iran in response to the Iranian nuclear program and Iranian support for Hezbollah, Hamas, and Palestine Islamic Jihad, that are considered terrorist organizations by the US. The EC also instructed the European Investment Bank to facilitate European companies’ investment in Iran.
Is Iran good for medicine?
Iran’s primary healthcare system has been rated as “excellent” by UNICEF. The Ministry of Health and Medical Education (MOHME) operates public hospitals, both general and specialty hospitals, throughout Iran.
When did the US impose sanctions on Iran?
The United States has imposed restrictions on activities with Iran under various legal authorities since 1979, following the seizure of the U.S. Embassy in Tehran.
Is Iran still under an embargo?
Sanctions by the United States were reinstated in November 2018, and expanded in 2019 and 2020 to cover Iran’s financial sector. The UN arms embargo on Iran expired on 18 October 2020, as agreed in Iran’s 2015 nuclear deal, allowing Iran to import foreign military equipment.
Can you do business with Iran?
Businesses can be established in Iran itself or in one of the many economic free zones. Non-Iranians can establish: a private joint stock company, limited liability company, branch office, or a representative office in Iran.
Is Iran under arms embargo?
The UN restrictions on supplies of major arms to and all arms from Iran expired in October 2020. The embargo does not deal explicitly with conventional arms. However, the coverage of the ban includes missiles and other technologies that can be used in both conventional and nuclear military applications.
Which countries can Iran trade with?
The EU is Iran’s largest trading partner, along with China and the United Arab Emirates. Trade with Iran is subject to the general EU import regime and the EU supports the goal of Iranian accession to the World Trade Organization (WTO)….Iran–European Union relations.
| EU | Iran |
|---|---|
| Envoy | |
| Josep Borrell | Javad Zarif |
What is the UK government doing to promote trade with Iran?
The UK government supports expanding our trade relationship with Iran and we encourage UK businesses to take advantage of the commercial opportunities arising from the lifting of sanctions.
Can I export medical devices to Iran?
Anyone seeking to export to Iran any medicine or medical devices not subject to the general licenses described above must first obtain a specific license from OFAC. This would include the exportation of more complex medical devices that don’t appear on OFAC’s list of basic medical supplies (e.g., MRI machines, etc.).
What does the lifting of sanctions mean for Iranian oil exports?
The lifting of sanctions means Iran is looking to regain market share by increasing exports. Iran’s oil exports doubled in the period between January 2016 when sanctions were lifted and May 2016 (Source: Opec).
What are the strengths of the Iranian market?
Strengths of the Iranian market include: a population of around 80 million (the second largest in the Middle East after Egypt) EU trade with Iran in 2016 stands at around USD 8 billion and is expected to quadruple by 2018. Iran’s main imports are: 2. Preparing to do business in Iran