TEHRAN, March 29, YJC - British Department for International Trade in a new post-sanctions notice announced that a list of Iranian companies banned by Britain have been removed from the UK government's sanctions list.
TEHRAN, Young Journalists Club (YJC) -
According to gov.uk, Iran list, which identified a range of entities, companies and organizations in Iran, was published to help exporters judge whether their exports might potentially be of concern on end-use grounds, based on the previous decisions on exports by the Export Control Organization (ECO).
Based on the list, exporters were required to be aware of those companies in the Department for International Trade’s sanctions list.
In a recent speech in the British parliament, Secretary of State for International Trade Liam Fox pointed to unmatched trade opportunities with Iran in post-sanction era, saying that work on normalization process of effective channels for financial transactions with Iran has started.