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All systems go for Iran

Press Release   •   Feb 03, 2016 12:50 GMT

In DSV, the green light has been given by our Group Legal and Security Department that constantly monitors global sanctions and embargoes; and instructions for handling of goods to/from/via Iran have been updated and clearly communicated throughout our global network.

EU and UN lead the way

On 16 January 2016, several sanctions and embargoes against the Islamic Republic of Iran were lifted. The European Union and the United Nations led the way by removing almost all financial sanctions against Iran. However, several significant sanctions remain – regarding weapons, aerospace products, dual use products and the entire nuclear industry.

The requests are pouring in

While most restrictions still apply to any Iran related shipments in the US (imports and exports are still affected), requests for transports to/from/via Iran are already pouring in all over the world. And with the supporting process and regulations in place, DSV is ready to go.

With heavy sanctions imposed by the US since 1979 and the UN from 2006-2016, Iran is a virtually untapped consumer market. Similarly, the recent relaxation in policy implies huge potential for Iran to significantly increase their exports.

In other words, we expect that there will be a massive interest in shipping goods to and from Iran.

DSV – Global transport and logistics

In 1976, 10 independent hauliers joined forces and founded DSV in Denmark. Since then, DSV has evolved to become the world’s fourth largest supplier of global solutions within transport and logistics.

Today, we add value to our customers’ entire supply chain by transporting, storing, packaging, re-packaging, processing and clearing all types of goods. We work every day from our many offices in more than 80 countries to ensure a steady supply of goods to production lines, outlets, stores and consumers all over the world. Our reach is global yet our presence is local and close to our customers.

Read more at www.dsv.com

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