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Sunday, 26 March 2017 23:48

Iran removed from GOV.UK website list

Notice to exporters 2017/08: Iran list removed from GOV.UK

After years of applying wide-ranging sanctions, the international community is re-engaging with Iran following a nuclear deal in 2015. As a result of the deal reached between the E3+3 (France, Germany, UK, China, Russia and USA) and Iran, some nuclear-related and other financial and economic sanctions were lifted in January 2016. For Iran, this is a vital part of its re-integration into the international community.

As such the relevance of the Iran List, which provides information for exporters about certain entities, companies and organisations in Iran, has decreased and has been withdrawn:

The lifting of some sanctions means that Iran is able to trade more freely with the international community. This offers an opportunity for UK companies to win business in the biggest market to enter the global economy in decades.

The UK Government fully supports expanding trading relationship with Iran and encourages UK businesses to take advantage of the commercial opportunities that arise.

The Iranian government has clearly stated its desire to attract foreign direct investment to meet the country’s ambitious growth targets, and private firms around the world, including the UK, will soon have new business opportunities that will also benefit Iran and her people.

The Department for International Trade both in the UK and in the British Embassy in Tehran plays an important role in supporting trade and investment between the UK and Iran.

Reference: www.gov.uk

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