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OFAC Eases Rules for Food Exports to Iran and Sudan

International Law Office
November 11, 2011

On October 12, 2011, the Office of Foreign Assets Control (OFAC) issued a final rule authorizing the export and re-export of food to Iran and Sudan. These changes come in the form of two new general licenses under the Iranian Transactions Regulations and the Sudanese Sanctions Regulations. These licenses replace a 2009 interim final rule that required agricultural and other commodity exporters to apply for specific licenses on an annual basis.

This Sidley Update was republished by ILO in its Trade & Customs Newsletter.