Last updated: 21 Jan 2013
Market profile
Doing Business
United Nation Security Council and Australian targeted sanctions on Iran
Australia enforces both United Nations Security Council as well as autonomously imposed sanctions that restricts a range of commercial activities with Iran and with Iranian individuals and entities.
If you are considering commercial or other dealings with Iran we recommend that you familiarise yourself with the operation of these sanctions. We also recommend you obtain independent legal advice before making commercial decisions involving trade or commercial transactions with Iran.
More information on doing business in Iran
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
Iran is a significant regional economy with a large and fast-growing population (estimated at around 74 million people) and some of the world's largest oil and gas reserves.
» read more at DFAT
- POLITICAL CLIMATE
The 1979 Islamic revolution transformed Iran, abolishing the monarchy and establishing an Islamic Republic. The political system now comprises both elected and unelected institutions.
» read more at DFAT
- TRADE RELATIONS
Australia's bilateral relationship with Iran is long-standing, with an historically strong trade relationship. We continue to engage in dialogue on a range of important issues.
» read more at DFAT