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Adopting the Iran Deal

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Posted: November 1st, 2015

Contrary to most expectations – particularly outside of the United States, where suspicions about U.S. motives abound – the nuclear agreement reached between Iran and members of the P5+1 (China, France, Germany, Russia, the United Kingdom, and the United States, with the coordination of the European Union) will not offer many benefits to U.S. companies.

Even when the Joint Comprehensive Plan of Action (JCPOA) nuclear agreement is formally implemented (expected in early Spring 2016 though the Iranians maintain that they can fulfill their commitments before the end of 2015), the U.S. national embargo against Iran will remain intact. This severely limits the business U.S. companies can do with Iran and Iranian companies. Non-U.S. companies are not bound by these sanctions.

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Categorized as:Middle East ReportingTagged with:

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