On-the-Ground Updates

Iran reportedly makes deal with various countries about frozen assets, opening further trade opportunities

Frozen Common Shrimp & Prawn
Iran
Regulation & Compliances
Besim Donmez
Published Feb 23, 2021
Iran has reportedly signed agreements with Oman, South Korea, Iraq, and Japan about unfreezing Iranian assets in the mentioned countries. The frozen assets in various countries consist of money in foreign bank accounts remaining from oil exports, real estates, and other properties.

Iranian seafood exporters welcomed this development as an opportunity to more freely trade the Iranian seafood and fish products as the demand will grow and international transactions are expected not to be impacted by the US sanctions. Bringing Iranian financial resources to the country is expected to bring a big boost to food and agricultural international trade.
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