Iran's imports from US rise despite sanctions
- Iran: Tuesday, October 16 - 2012 at 02:10
According to data from the US Census Bureau, Iran's imports from the US rose by nearly a third this year, chiefly because of grain sales, despite the tightening of US financial sanctions, Reuters has reported. The jump to $199.5m in the first eight months of 2012 from $150.8m a year earlier masks a fall in the export of some humanitarian goods such as medicines, a decline US exporters blame largely on the difficulty of getting paid by Iranian importers because of new US financial sanctions. But the data also shows that goods such as milk products and medical equipment - whose sale to Iran is allowed with a Treasury Department export license - continue to flow despite the sanctions and the payments difficulties.
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