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Business in Iran
- 1. Business in Iran Jeff Johnson
- 2. Facts of the Nuclear Deal • Shipped out 25,000 pounds of enriched Uranium • Dismantle two-thirds of centrifuges • Limited nuclear research • 130-150 IAEA inspectors • Estimated $150 Billion released • Regained access to the international finance and banking system • Lifted sanctions on foreign trade, travel and transfer of Iranian assets
- 3. Goals of the Deal • Extend the time it would take to make a nuclear weapon • Help rebuild the Iranian economy
- 4. Business with Iran • Boeing – Licensed to sell 80 planes to Iran Air • $17.6 billion • Airbus – Granted license to sell 17 planes of a larger plan to sell 118 planes • Chinese President formalized $600 billion investment over next 10 years • Peugeot Citroen $400 million to rebuild Iranian car company
- 5. Concerns • “the dominant view in Jerusalem is that it actually lays the groundwork for far greater regional conflict.” • “Israeli officials say they will be seeking some $200 million in additional funds from Congress in coming months for stepped-up production of Iron Dome interceptors.” • “Trickle effect of funds” • Islamic Revolutionary Guard Corp
- 6. Islamic Revolutionary Guard Corp • Primary device for supporting terrorism • Controls airports, roads, and sea ports • IRGC is estimated to own 35-44% of Iran’s total GDP $100-$140 million
- 7. Questions • Doing business with Iran is now legal but is it ethical? • The Iranian economy is expected to benefit from deals with companies such as Boeing and Airbus. Will the rising GDP serve as a benefit to the IRGC?
- 8. Sources • http://www.foxnews.com/politics/2016/10/08/us-further-eases-iran- sanctions-after-nuclear-deal.html • http://www.nytimes.com/2016/09/22/world/middleeast/iran-airbus-boeing- aircraft.html?_r=0 • http://www.wsj.com/articles/as-nuclear-pact-kicks-in-western-firms-still- face-barriers-to-doing-business-in-iran-1452979033 • http://www.foxnews.com/opinion/2015/09/15/what-israel-thinks-obamas- iran-deal.html • http://www.bloomberg.com/news/articles/2015-09-03/what-the-iran-deal- means-for-the-world-economy • http://www.businessinsider.com/how-irans-mafia-like-revolutionary-guard- rules-the-countrys-black-market-2015-12
Notas del editor
- January 16, 2016 Deal was made
- Still 200 entities that are not legal to trade with in iran
- "remained the foremost state sponsor of terrorism in 2015, providing a range of support, including financial, training, and equipment, to groups around the world.”