US, Iran resume trade. Image:Bigstock
US restarts imports from Iran
IRAN, February 8, 2016
The US has commenced importing goods from Iran since December 2015, restarting trade relations after more than two years, according to statistics released by the US Census Bureau show.
The value of US imports from Iran in December 2015 stood at $10.8 million, said the Iran Daily News report.
The breakthrough in Iran-US trade comes with the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), it added.
Under the landmark nuclear deal, the US government has granted permission for the import of some Iranian products, including carpet and saffron.
Iran exported $2.2 million worth of goods to the US in 2013, while the amount in 2014 and in the first 11 months of 2015 fell to zero.
The JCPOA, which officially came into force on January 16, has terminated all nuclear-related sanctions against Iran, added the report.