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Trade sanctions against Iran - Essay Example

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Trade sanctions against Iran

If we were in the carpet importing business, there would be nothing to bar us from importing and selling Persian rugs from Iran. We are in the grain business, however, and U.S. law thereby prohibits us from conducting business with the country, which many know best for its militant takeover of the U.S. embassy in Tehran in 1979 and the subsequent taking of hostages.
Many in the businesses community believe that the sanctions on trade with Iran not only hurt the Iranian people, they also cost American companies billions of dollars in lost revenues and jobs. The sanctions also expand the diplomatic divide between the US and many of its allies and hinder the ability for US businesses to participate in the world marketplace.
Earlier this month, the Tehran Times published an article in which it announced that Iran's Petropars Company has developed an offshore oilfield in the Caspian Sea and is in negotiation with a Turkish company as a contractor. That company will likely see profits in the billions of dollars as a result of this joint venture.
Aside from the business aspect of renewing trade with Iran, there is also the humanitarian aspect. ...Show more


Times are changing. Middle Eastern regimes that were once hostile to the United States are falling, and a newer, younger generation of Middle Eastern consumers, eager to use their purchasing power to buy American goods, is coming of age. Now is the time for those of us in the business community to convince our American leaders that the time is ripe to heal past wounds and finally lift the remaining trade sanctions against Iran.
Author : ethelkemmer
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