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ARTICLE · 09 FEBRUARY 2016

Canada Eases Iran Sanctions Regulations – Is Iran Open For Business?

McCarthy Tétrault
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On February 5, 2016, Canada's Minister of Foreign Affairs, Stéphane Dion, announced amendments to the regulations underpinning Canada's economic sanctions against Iran.

GlobalInternational Law
John Boscariol
John Boscariol
Robert Glasgow
Robert Glasgow
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On February 5, 2016, Canada's Minister of Foreign Affairs, Stéphane Dion, announced amendments to the regulations underpinning Canada's economic sanctions against Iran. This fulfills previous statements by the Minister that Canada would be lifting its economic sanctions against Iran in response to the January 16, 2016 determination by the International Atomic Energy Agency that Iran had met the requirements for sanctions relief under the Joint Comprehensive Plan of Action (JCPOA).

A number of Canada's allies, including the European Union, the United States, Australia and Japan, have already announced the lifting of economic sanctions against Iran to varying degrees. Canada's previous Conservative Government made clear its suspicions of Iran's participation in the JCPOA negotiations, and did not provide any assurance that Canada would participate in any of the planned sanctions relief of the JCPOA members.

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