Press Release: Statement on the Inauguration

PRESS RELEASE

Inauguration of 45th POTUS on Friday; new President inherits landmark Iran Deal and future of US-Iran trade relations

Washington, DC, January 20, 2016 – This Friday, January 20th, marks the Inauguration of the 45th President of the United States Donald Trump. Under the new Administration, the United States-Iran Chamber of Commerce (the Chamber) looks forward to continuing its important role of informing and advising business and financial institution leaders, trade associations and government officials on US-Iran trade relations.

Iran’s economy offers access to a consumer-oriented population of over 80 million and a broader regional market of over 300 million people, facts which are not lost on European and Asian companies. Many American companies want a level playing field in international trade, and the ability to consider the full spectrum of market opportunities available to them. One recent study found that from 1995-2014, Iran sanctions cost the US between $203.1 and $271.8 billion in potential export revenue.

Under the Iran Deal, companies are eager to consider or already have started to invest in new market opportunities and sources of revenue in Iran’s diverse economy. As the only chamber of commerce devoted to US-Iran trade relations, the Chamber utilizes its strategic position and expertise to provide guidance to entities regarding the changing US-Iran trade landscape.

The Chamber’s services include, among others, trade compliance, due diligence, legal services, OFAC license assistance, export regulation analysis, guidance on US laws and regulations concerning Iran, and informational presentations and conferences.

The Chamber is a nonpartisan, nonprofit organization based in Washington, DC consisting of business leaders, legal experts, and former federal and congressional employees.

Please contact Reza Khanzadeh at info@USIRCC.org if you would like more information regarding the Chamber’s work and services.

 

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