A Boon For Food Exports To Iran And Sudan

Law360, New York (October 18, 2011, 1:24 PM EDT) -- For exporters of food and agricultural commodities for human and animal consumption, the U.S. Department of the Treasury’s Office of Foreign Assets Control licensing process for exports to Iran and Sudan has been frustrating, plagued by lengthy delays (in some cases longer than six months) and redundant filings.

In an Oct. 12 Federal Register notice, however, OFAC has taken a major step to reduce these burdens by replacing the one-year specific license requirement for exports of most food to Iran and Sudan with general licenses that...
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