Nuclear Deal to Pave the Way for Iranian Carpet, Foodstuff Imports to US
The U.S. will allow the import of Iranian carpets and foodstuffs, including caviar and pistachios, as implementation of the Joint Comprehensive Plan of Action takes shape over the coming months, the document says, as released by The Washington Post (here).…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
The U.S., Iran and other world powers reached an agreement to move forward with the deal, which is aimed at preventing an Iranian nuclear weapon in exchange for sanctions relief, on July 14 after three intense weeks of negotiations in Vienna (see 1507140020). All sides will adopt the deal 90 days or sooner following endorsement from the U.N. Security Council. At that point, the deal will take effect and sanctions relief will begin to unfold. Congress now has a 60-day window to approve, reject or choose to not act on the deal. President Barack Obama has threatened a veto on any rejection.