US unveils regulations for easing trade with Iran

TEHRAN, Dec. 23 (MNA) – The Office of Foreign Assets Control (OFAC) has issued new regulations Thu. allowing US experts to train their Iranian counterparts with their operation and maintenance.

According to Al-Monitor, Barack Obama administration is allowing relevant companies to send Americans to Iran to help with their operation and maintenance as a final move to facilitate trade bonds between the two countries before Donald Trump takes over as president.

Under the new regulations unveiled by the Treasury Department on Dec. 22, American companies will have an easier access to the 80-million-strong Iranian market for selling their drugs, medical devices and agricultural commodities. Meanwhile, the Office of Foreign Assets Control (OFAC) is also “allowing relevant companies to send Americans to Iran to help with their operation and maintenance.”

Tyler Cullis of the pro-engagement National Iranian American Council deemed the Obama administration move “breaking a taboo” and a “pretty big deal moving forward”.

Back in September, the US Treasury Department had issued the necessary licenses for Boeing and Airbus to go ahead with aircraft sale to Iran and presumably offer services such as pilot training, maintenance and repairs.

The new OFAC regulations will also provide training in various fields and expand the scope of US exports activities on medical devices and agricultural products to Iran. 

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News Code 122219

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