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Scope of Medical and Agro Products that May be Exported to Iran Expanded

Friday, December 23, 2016
Sandler, Travis & Rosenberg Trade Report

The Department of the Treasury’s Office of Foreign Assets Control has adopted a final rule amending the Iranian Transactions and Sanctions Regulations to reflect OFAC’s licensing policies and address inquiries from the regulated public. The rule makes changes relating to authorized sales of agricultural commodities, medicine, and medical devices to Iran pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000, as amended, and clarifies the definition of the terms “goods of Iranian origin” and “Iranian-origin goods.” These changes are effective Dec. 23.

Among other things, the rule expands the scope of medical devices and agricultural commodities generally authorized for export or reexport to Iran and, in response to feedback from the regulated public on improving patient safety, provides new or expanded authorizations relating to training, replacement parts, software, and services related to the operation, maintenance, and repair of medical devices and items that are broken or connected to product recalls or other safety concerns.  

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