Iran Sanctions Drawing to a Close?

The United States may begin exporting aircraft parts to Iran again very soon!

On January 12, 2014, six major nations (the United States, United Kingdom, Germany, France, Russia, and China, coordinated by EU High Catherine Ashton) concluded an agreement on a joint action plan to begin normalizing relations with Iran. The action plan is based on November 2013 negotiations.  The initial steps include a relaxation of the prohibitions against exporting aircraft parts to Iran.  The text of the agreement says that the United States will start to engage in the following activity:

License the supply and installation in Iran of spare parts for safety of flight for Iranian civil
aviation and associated services. License safety related inspections and repairs in Iran as well
as associated services.

The agreement makes it clear that sanctions relief could involve any Iranian airline including Iran Air.

The US regulations have not yet been published on this matter, so do not try to export to Iran yet!  And this process will still require licensing by the appropriate US agencies.  Watch the US government for formal instructions on the standards to be applied to the licensing of aircraft parts export to Iran.