Thursday, 21 January, 2016

Switzerland lifts Iran sanctions, Canada and Australia soon

Switzerland’s executive authority has lifted sanctions imposed on Iran, the Federal Council said in a statement Sunday.

“As announced on 21 October 2015, Swiss sanctions against Iran will be lifted at the same time as those of the UN and the EU,” the Federal Council said.

According to Sputnik news, the European Union and the United Nations have terminated sanctions targeting Iran after global nuclear watchdog IAEA verified late on Saturday Tehran’s compliance with a nuclear agreement reached last July.

The US Treasury Department lifted sanctions on third countries doing business with Iran, while maintaining sanctions outside the Joint Comprehensive Plan of Action (JCPOA).

“Switzerland has always supported the process to negotiate and implement the agreement. The Federal Council is confident that implementation of the nuclear agreement and the lifting of international sanctions will enable political and economic exchanges with Iran to be intensified,” the Swiss Federal Council said.

Switzerland maintains restrictions on arms trade with Iran, financial and travel restrictions for certain individuals and entities, as well as technical services for Iranian cargo aircraft, the council specified.

Australia to lift economic sanctions against Iran soon

Australia will soon lift economic sanctions against Iran after it met its commitments under a nuclear deal, Foreign Affairs Minister Julie Bishop says.

She was commenting on Sunday after the International Atomic Energy Agency confirmed that Tehran has scaled down its nuclear program, The Guardian reported.

Bishop says it is expected that sanctions will be lifted after the United Nations Security Council has received the IAEA report in coming days.

“The Australian government will then move to lift relevant UN and certain autonomous sanctions, including economic sanctions,” she said.

“The easing of these sanctions will ensure that Australian business is not disadvantaged in pursuing opportunities in Iran.”

Australia would continue to enforce sanctions on military exports for five years and maintain restrictions on ballistic missile-related materiel for eight years, she said.

Cana could lift sanctions against Iran

Canadian government appears to be preparing to lift sanctions against Iran – with Foreign Affairs Minister Stéphane Dion saying businesses in Canada would be disadvantaged if Ottawa doesn’t join major powers in removing barriers to commerce with Tehran.

Mr. Dion made it clear that Prime Minister Justin Trudeau’s cabinet must still make a decision on whether to remove sanctions following a landmark deal brokered by U.S. President Barack Obama that sought to curb Tehran’s nuclear ambitions for the foreseeable future.

Speaking at a Liberal government cabinet retreat in New Brunswick, Mr. Dion said Ottawa must decide in a “timely fashion” so that Canadian companies hoping to do business with Iran are not disadvantaged.

He said to keep the sanctions in place would create a “situation where Canadian companies would be alone in not having access” to the Iranian market. “If other countries move before us, it’s not a way to help our industry,” Mr. Dion said.

The Foreign Affairs Minister is referring to a raft of sanctions that Canada imposed in concert with other members of the United Nations.

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