Iran Receives Influx of American Aid

(NewsUSA) - In the face of the COVID-19 pandemic, the need for global humanitarian action is urgent. Some good news: Capital Commodities, a global entrepreneurial management company, has received a license to export goods to Iran.

The license, granted by the U.S. Department of the Treasury's Office of Foreign Assets Control as well as the U.S. Department of Commerce, allows medicine from the United States to be exported to Iran for humanitarian relief.

Specifically, the license allows Capital Commodities to export medicines and vaccines to Iran from manufacturers including Pfizer, Bristol-Myers Squibb, Exelead, Seattle Genetics, Sanofi U.S., Genentech (Roche), Merck, and Wyeth.

"We are extremely encouraged and gratified that our government has taken such a positive step to save human lives, regardless of nationality," says Bart S. Fisher, chairman and managing partner of Capital Commodities.

The license, with some restrictions, covers "the export of most agricultural commodities, medicines and medical supplies to Iran" on "a case by case" basis, Fisher explains.

Iran has been hit especially hard by the COVID-19 coronavirus, but a recent article published by Voice of America notes that a combination of sanctions and suspicion of conspiracy about the additional spread of the virus has led Iran to refuse medical help from the United States.

"The people of Iran are not the enemies of our people and they are in need of our help," emphasizes Peter G. Kelly, managing director and partner of Capital Commodities.

Capital Commodities brought years of experience with Middle Eastern energy transactions to bear in achieving the medication export arrangement.

The firm specializes in legislative and executive relationships and cross-border business-to-business development in the Middle East, Latin America, and Asia-Pacific regions. The company's expertise includes U.S. and international law, relationships and access, analytics and presentation, export/import licensing, regulatory compliance, personal client interaction, transparent client reporting, and multinational management.

The organization has represented governments, as well as public and private companies in commodities transactions for more than 40 years. Clients have included American Express, Chase Bank, Hilton Wordwide, Macy's Nestle, and Xerox. In addition, Capital Commodities has regulatory experience with a range of government agencies, including the Federal Deposit Insurance Corporation, General Services Administration, and National Aeronautics and Space Administration.

For more information about Capital Commodities, visit capitalcommoditiesllc.com.