Implementation Da y.
It's the historic agreement implemented in Vienna on Saturday that lifts a broad range of sanctions on Iran. The highest profile impact is lifting the embargo on Iranian oil exports, which is already pushing the oil price to sub-$30 per barrel prices.
It also potentially means a new market for UK companies. EEF have reported that almost 30% of UK manufacturers could benefit from an easing of trade sanctions with Iran.
But any company thinking about exporting to Iran should tread carefully and seek advice. A good place to start is the Government's updated guidance on doing business with Iran.
While there is some helpful new export credit support from UK Export Finance, there remains a long list of activities that are still prohibited under proliferation-related sanctions.
In addition, there export controls and end-use controls are still in place for Iran, so it's worth checking the updated Government Guidance before getting too excited about the new opportunities.
ADS Group Limited issued this content on 2016-01-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-19 16:28:05 UTC
Original Document: https://www.adsgroup.org.uk/implementation-day-iran/
