Global humanitarian action is essential in the wake of the COVID-19 pandemic. There is good news: Capital Commodities has been granted an export license for Iran by Capital Management Company.
The U.S. Department of the Treasury’s Office of Foreign Assets Control, as well as the U.S. Department of Commerce issued the license which allows medicine from the United States to enter Iran to provide humanitarian aid.
The license permits Capital Commodities, specifically, to export to Iran medicines and vaccines from companies such as Pfizer and Bristol-Myers Squibb.
“We are extremely encouraged and gratified that our government has taken such a positive step to save human lives, regardless of nationality,”Capital Commodities’ chairman and managing director, Bart S. Fisher.
With some restrictions, the license covers “the export of most agricultural commodities, medicines and medical supplies to Iran”on “a case by case”Fisher explains.
Iran has been especially affected by the COVID-19 virus. But, Voice of America recently reported that Iran has refused medical treatment from the United States because of a combination of economic sanctions and suspicions of conspiracy.
“The people of Iran are not the enemies of our people and they are in need of our help,”Peter G. Kelly, Capital Commodities’ managing director and partner, emphasizes this.
Capital Commodities brought decades of experience with Middle Eastern energy transactions into the arrangement for medication export.
The firm is a leader in cross-border business-to-business and legislative relationships in the Middle East and Latin America. The company’s expertise covers U.S. and International law, relationships, access, analytics, presentation, export/import licencing, regulatory compliance and transparent client reporting.
Since more than 40 years, the organization has represented both governments and public and private corporations in commodities transactions. American Express and Chase Bank are among the clients. Capital Commodities is also familiar with regulatory issues at a number of government agencies such as the Federal Deposit Insurance Corporation and General Services Administration.
For more information on Capital Commodities, please visit capitalcommoditiesllc.com.
