17 April 2016
Disappointing Nuclear
Sanctions Relief
Secretary of State Kerry and Foreign Minister Zarif should
be most disappointed that all the work they put into the agreement between the
U.S. and Iran has resulted in no significant increase in economic benefits for
Iranian consumers or industry.
The domestic political situation in the U.S. is indeed partially
responsible for the reluctance of U.S. and European banks to encourage their
corporate clients to do business with Iran.
The revenge of the bureaucrats in the U.S. for the Iranian
U.S. embassy hostage crisis has been to encumber trade with Iran. Moreover, trade with Iran has become less
important to the U.S. and Europe in the last thirty-seven years, when Chinese
and Indian industrial growth, Russian gas, U.S. fracking, and other
developments have transformed international economic relations.
