Iran Sanctions and the U.S. Business Community

On May 8, President Trump withdrew the U.S. from the Joint Comprehensive Plan of Action (JCPOA), better known as the Iran nuclear deal, which resulted in a rollback of international sanctions against Iran. In line with the president’s directive, the Office of Foreign Assets Control (OFAC) in the U.S. Department of the Treasury has begun to end the limited U.S. sanction relief measures under the JCPOA.

Please join us for a lively and candid discussion of the stiff challenges and remaining commercial opportunities facing Minnesota companies who would consider doing business in Iran.

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Topics

• Evolution of U.S. and international sanctions on Iran
• JCPOA framework and the limited relief provided in U.S. primary and secondary sanctions
• President’s May 8 National Security Presidential Memorandum (NSPM)
• Exemptions and general licenses available under the Iranian Transactions and Sanctions Regulations
• Challenges for the U.S. and international banking community in adjusting to the new U.S. sanctions policies on Iran
• Choices facing foreign suppliers who want to trade with Iran and also protect their market and banking access to the U.S.
• Review of major U.S. commercial sectors negatively affected by the NSPM and OFAC actions and sectors that remain open despite those measures
• Future prospects for U.S.-Iran relations and U.S. relations with other nations who want to have commercial ties to Iran, especially in the energy sector

Speakers and Panelists

Kate Bauer, Keynote Speaker
Blumenstein-Katz Family fellow, The Washington Institute for Near East Policy

Matt Audette, Panelist
Global Logistics & Customer Service Manager, Zinpro Corporation

Nelson Dong, Panelist
Partner, Corporate Group, Dorsey & Whitney LLP, Seattle

Chris Bercaw, Moderator
Partner, Corporate Group, Dorsey & Whitney LLP, Minneapolis

Complimentary parking available. Details here.

Produced in partnership with Dorsey & Whitney LLP, KPMG LLP, and the Minnesota Trade Office.