Jonathan Broder, Newsweek: Why The Iranian Nuclear Deal Is At Risk Of Unravelling
Used clothing, toiletries and gifts worth no more than $100—for a decade, these were among the few Iranian products allowed into the U.S., thanks to crippling international sanctions. But when the Iran nuclear deal went into effect in January, Iran was suddenly allowed to resume exports of its famous Persian carpets and pistachios. Iranians also looked forward to reviving the country’s oil industry and gaining access to tens of billions of dollars in previously frozen petroleum revenues, which would provide a much-needed boost to the economy. Perhaps most important, American officials assured Tehran that foreign investment would return to the country, finally ending Iran’s pariah status. ”As soon as we suspend our major sanctions,” Wendy Sherman, the lead U.S. negotiator, had said in 2014, “the world will flood into Iran.”
Read more ....
WNU editor: People I know who do international trade avoid Iran for many reasons .... U.S. penalties being one of them but not necessarily the main one. The biggest "beef" is how to be paid .... more to the point .... finding a bank that is willing to do business with Iran. Iran since the revolution has burned many bridges .... and financial institutions have long memories that Iran will have to take the time to placate and work to make them feel comfortable. Signing a piece of paper with John Kerry and hoping that everything will then be set right is not how the world works .... especially the financial world.
No comments:
Post a Comment