In a major milestone under the terms of the 2015 Vienna Agreement (the "JCPOA"), the International Atomic Energy Agency confirmed on 16 January 2016 that Iran had implemented its nuclear-related commitments, thereby ushering in the agreement’s “Implementation Day.”  Accordingly, most EU sanctions as well as US “secondary sanctions” (those applicable to non-US entities with certain “contacts” with the US) against Iran have been lifted, and non-US persons and entities may now engage in a wide variety of Iran-related transactions.  Sectors of the Iranian market now open to investment and exports include, without limitation: energy and petrochemicals, oil and gas, shipping, mining, aviation, automobiles, spare parts/components, pharmaceutics and hotels & leisure....


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