It a U.S. exporter sells its product to a foreign customer, and the customer resells the product to a prohibited country such as Iran, can the U.S. exporter have liability for an export violation? The U.S. District Court for the District of Columbia handed down an important decision regarding obligations of U.S. exporters in such situations. This is a sobering decision that every exporter should read.
Reason To Know” – A Chilling Term For Exporters
-
Iran’s non-oil trade exceeds $35.8b in 5 months
ITA President, , Uncategorized, 0
Main exported items included gas condensate, worth $3.27 billion, and liquefied gas, worth $1.94 billion. Rice and corn were...
-
OFAC removes one layer of complexity on sanctions but still retains a wall around Iran
ITA President, , Uncategorized, 0
The clarifications from Treasury’s Office of Foreign Assets Control remove a blanket ban on foreign transactions with Iranian firms...
-
Iran FM: ‘We are Ready for US Letters of Comfort in Lieu of Letters of Credit for Easier Trade.’
ITA President, , Uncategorized, 0
Iran’s Foreign Minister Mohammad Javad Zarif said the country is ready to receive “letters of comfort” from the US...
-
ANZ refuses Australian customers transactions with Iran, fearing US Treasury backlash
ITA President, , Uncategorized, 0
Labor Senator Sam Dastyari, who was born in Iran, said the longer the Government took to help facilitate money...
-
Russian Diplomat: U.S. Sanctions on Iran Are Still Impeding Iran’s Integration into the Global Business Community
ITA President, , Uncategorized, 0
While the U.S. has implemented the components of the agreement dealing with Iran’s nuclear program, “it hasn’t moved any...
-
Iran Puts Trust in Market to Deliver Currency Boost to Recovery & Maybe End Dual Exchange Rate
ITA President, , Uncategorized, 0
Iran’s central bank is signaling that it will loosen its grip on the rial in an effort to end...
-
Thinking of importing permissible foodstuffs from Iran, start worth the FDA & the Food Safety Modernization Act.
ITA President, , Uncategorized, 0
The FDA Food Safety Modernization Act (FSMA), signed into law by President Obama on Jan. 4, enables FDA to...
-
A look back at what could’ve been
ITA President, , Uncategorized, 0
If sanctions are lifted,here’s what trade between Iran and the US could look like
-
The Iranian Entrepreneur Tackling Silicon Valley’s Diversity Problem With ‘Persian Women In Tech’ February 2, 2018
Silicon Valley has a well-documented diversity problem. Sepideh Nasiri, who often goes by Sepi, is a...
-
Iran Opens Upstream to Foreign Companies July 5, 2017
Total and the National Iranian Oil Company (NIOC) have signed a contract for the development and pro...
-
By 2050, Iran will be one if he top economies of the world – PWC February 20, 2017
10th February, 2015 – The global economic power shift away from the established advanced econo...
-
900 Iran-educated techies have helped power top U.S. tech juggernauts February 2, 2017
900 Iran-educated techies have helped power top U.S. tech juggernauts. More here.
-
How many fatal terror attacks have refugees carried out in the US? None January 30, 2017
None.