Nuclear Deal Poised to Further Open Iran Market for US Airplane, Ag Exports, Says Scholar
The Obama administration has an opportunity in the coming months to broker a breakthrough agreement with Iran over its nuclear enrichment program, and that compromise could further open the Iranian market to U.S. airplane, airplane parts, agriculture and other U.S.…
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exports, said Iran expert Barbara Slavin at a National Foreign Trade Council event on Dec. 5. The interim deal struck between the two sides partially unlocked market access in Iran for those industry sectors, as well as petrochemicals. A more comprehensive, final accord is far from certain, however, and some lawmakers are threatening to eliminate progress in the talks by introducing more sanctions legislation, said Slavin, alongside NFTC President Bill Reinsch and USA*Engage Vice President Richard Sawaya. The Obama administration extended through June 2015 partial relief of the sanctions regime against Iran (see 1411280032). The two sides could reach a deal aimed at limiting enrichment capacity by March though, said Slavin, a nonresident senior fellow of the South Asia Center at the Atlantic Council. Senate Foreign Relations Chairman Bob Menendez, D-N.J., has long been hawkish in his stance on Iran, and the Obama administration may find a better partner in incoming committee chairman Bob Corker, R-Tenn., said Slavin. Obama has threatened to veto additional Iran sanctions measures.