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ARTICLE · 13 JUNE 2013

Sanctions Update: Canada's Ban On Trade With Iran

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In its most recent sanctions measures, Canada has imposed a nearly complete ban on imports from and exports to Iran.

CanadaInternational Law
Roy Millen
Roy Millen
Laura Cundari
Laura Cundari
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In its most recent sanctions measures, Canada has imposed a nearly complete ban on imports from and exports to Iran, including restrictions on the provision of certain services to individuals and businesses in Iran. The recent measures, announced on May 29, 2013, follow a steady increase in Canada's sanctions against Iran under the Special Economic Measures Act (SEMA) in recent years. In a statement made on May 29, 2013, Foreign Affairs Minister John Baird attributed the need for further sanctions to an absence of progress, stating that in "round after round of talks with both the International Atomic Energy Agency and the P5+1 [the five permanent members of the UN Security Council and Germany], Iran has failed to engage meaningfully while the risk posed by its enrichment activities only increases." The impact of these new measures should be reviewed by all Canadian persons and entities involved in trade with Iran.

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