Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇮🇷 Iran, Islamic Republic of
📦 Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinized, whether or not refined, but not further prepared
🇺🇸 → 🇮🇷

United States to Iran, Islamic Republic of Trade Analysis for Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinized, whether or not refined, but not further prepared

Detailed tariff information for Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinized, whether or not refined, but not further prepared imports

Animal, vegetable or microbial fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinized, whether or not refined, but not further prepared Tariff Rate

HS Code:

40%
Effective 2023-01-01
View general trade relationship between United States and Iran, Islamic Republic of

Trade Volume

Value
Minimal (exact figures unavailable due to trade restrictions)
Year
2023
Trend
Negligible due to U.S. sanctions and trade embargoes

Special Rates

Preferential Rate
N/A
No preferential trade agreements currently apply between the United States and Iran for this HS Code.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Sanctions Impact Trade of Hydrogenated Fats and Oils with Iran
Recent U.S. sanctions on Iran have further restricted the trade of animal, vegetable, or microbial fats and oils (HS Code 1516) between the two countries, with tightened export controls and financial penalties on entities engaging in such trade.
2023-10-15
Impact: Significant reduction in trade volume as U.S. companies face legal and financial risks for engaging in transactions with Iranian entities.
Iran Seeks Alternative Markets Amid U.S. Trade Restrictions
Iran has reportedly turned to other global markets for the import of hydrogenated fats and oils due to ongoing U.S. trade restrictions, focusing on partnerships with non-Western countries.
2023-09-20
Impact: Diversion of trade away from the U.S., reducing bilateral trade in this category to near zero.
U.S. Treasury Issues Warning on Sanctions Evasion for Fats and Oils Trade
The U.S. Department of Treasury warned companies against indirect trade with Iran involving hydrogenated fats and oils, citing potential sanctions evasion through third-party countries.
2023-08-05
Impact: Increased scrutiny and compliance costs for U.S. businesses, further discouraging trade with Iran in this sector.
Policy Updates
U.S. Reaffirms Sanctions on Iran Under Executive Order 13846
The U.S. government reaffirmed sanctions targeting Iran's trade in various sectors, including agricultural and food-related products like hydrogenated fats and oils, under Executive Order 13846, with no exemptions for humanitarian trade in this category.
Date: 2023-11-01
OFAC Updates Sanctions List Impacting Iranian Trade
The Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals (SDN) list, adding several Iranian entities involved in the trade of fats and oils, prohibiting U.S. persons from engaging in transactions with them.
Date: 2023-10-10