Iran Carpets Sanctions

Once the biggest exporter of carpets in the world the country s trade has been hit hard by western sanctions.

Iran carpets sanctions.

The iran deal known as the joint comprehensive plan of action jcpoa was an agreement reached between the p5 1 countries and iran over its nuclear program. Sanctions last year nearly 100 million worth of persian carpets were exported to the u s. The importation into the united states of iranian origin carpets and foodstuffs and certain related financial transactions pursuant to general licenses under the iranian transactions and. Face creams and carpets among products affected.

The us is re imposing sanctions lifted on iran as part of the 2015 nuclear deal. The united states sanctions against iran were imposed in november 1979 after a group of radical students seized the american embassy in tehran and took the people inside hostage the sanctions were imposed by executive order 12170 which included freezing about 8 1 billion in iranian assets including bank deposits gold and other properties and a trade embargo. The iran deal was implemented in january 2016. Now any company doing business with tehran could.

Pursuant to this directive once the first wind down period ends on 6 august 2018 the government of the united states will revoke several jcpoa related authorizations regarding sanctions on iran namely. The rug industry is the country s second largest exporter but is now. President barack obama has been strident with iranian sanctions. He banned some imports of iranian foodstuffs and carpets in 2010 and congress also allowed him to tighten iranian sanctions with the comprehensive iran sanctions accountability and divestment act cisada.

Industry hit by sanctions and economic crisis. Obama s sanctions of iran. Face creams and carpets among products affected the us is re imposing sanctions lifted on iran as part of the 2015 nuclear deal. The rug industry is the country s second largest exporter but is now struggling.

After the lifting of. Exports have shrunk by 33 percent since 2009 according to iran s state news. News business business analysis features iran s tragic carpets.