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OFAC Reviewing Effectiveness of Licensing Food and Medical Exports to Sudan and Iran

Tuesday, September 03, 2013
Sandler, Travis & Rosenberg Trade Report

The Treasury Department’s Office of Foreign Assets Control is seeking public comments no later than Oct. 3 on the effectiveness of its licensing procedures for the exportation of agricultural commodities, medicine and medical devices to Sudan and Iran during the period Oct. 1, 2010, through Sept. 30, 2012. Comments received will be considered as OFAC prepares its biennial report to Congress on this issue, which will include the number and types of licenses applied for and approved, the average amount of time elapsed from the date of filing of a license application until the date of its approval, the extent to which licensing procedures are effectively implemented, and a description of public comments on the effectiveness of those procedures.

OFAC notes that it issued a general license authorizing the export of most food items to Iran and Sudan on Oct. 12, 2011, and general licenses authorizing the export of medicine and basic medical supplies to Iran on Oct. 22, 2012.  Accordingly, specific licenses are no longer required for these exports.

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