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Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
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There Are Big Business Opportunities for Canadians in Iran
By Allison Boulton, The Globe and Mail Feb 09, 2016
With Ottawa’s bilateral sanctions expected to be lifted soon, Canadian businesses should be considering if they should do business in Iran. After all, it is not often that a new opportunity appears on the world stage, especially one with 70 million people.
Several European countries have already had trade missions to Tehran – France alone had over 100 businesses visit last September and an order of 118 Airbus jets has recently been placed. For Canadian firms, trading with Iran is still a murky area as sanctions haven’t officially been lifted by Ottawa, although there has been a trickle of products entering Canada from Iran for years.
Opportunities will exist in many industries, including agri-foods, construction, oil and gas, pharma and beauty products. Service providers also have opportunities. Is your business’s expertise in the oil and gas industry needed in Iran? The Iranian market may be your next big thing.
First steps
Once Canadian sanctions are lifted, there may still be restrictions on doing business with certain companies or individuals. As with any international business deal, due diligence on products and regulations is vital. If some sanctions remain, a business must ensure their Iranian partner or buyer does not have any ties to a restricted person or entity.
Read Full Article on The Globe and Mail »