All tagged Europe

Why Iran Pays More for Each Kilogram of European Medicine

◢ Since the year 2000, Iran has about doubled its annual imports of pharmaceutical products from the European Union, reflecting both advances in Iranian healthcare and the growth in Europe-Iran trade ties. But a distortion in the value of trade relative to quantity means that Iran is paying significantly more than the likes of Russia, Turkey, and Pakistan for each kilogram of medication.

Europe Failed on Iran, but It’s Not Helpless

◢ Iran’s decision to scale down its commitments under the 2015 nuclear deal abandoned by President Donald Trump signifies a serious foreign policy failure for the EU and its member states. They have acted too meekly and ineffectively in the face of unilateral U.S. sanctions, and this unnecessary softness may well come back to haunt them as the U.S. use of extraterritorial sanctions expands.

Poll Shows Iranian Attitudes Towards Europe Becoming More Negative

◢ A new survey conducted by research firm IranPoll offers the first insights into Iranian public sentiment following the reimposition of US secondary sanctions on Iran. The new wave of polling helps confirm recent reporting from Iran that support for the JCPOA has fallen, with just 51 percent of respondents approving of the deal down from 55 percent in January 2018. For European policymakers, the new polling should offer a stark warning it must refocus its political and economic efforts to save the nuclear deal.

Trading With Iran Via the Special Purpose Vehicle: How It Can Work

◢ Following weeks of speculation, France, the United Kingdom, and Germany (the E3) have formally registered a special purpose vehicle (SPV) to help facilitate trade with Iran – trade that the return of US sanctions has significantly hampered. Companies in Europe and Iran are eager to know if the system can be of practical use. The assessment below lays out INSTEX’s likely structure.

European Executives in Iran Ask: 'Should I Stay or Should I Go?'

◢ Many European businesses are pulling out of Iran for fear of being entangled in US sanctions. But these companies are overstating the complexity of the situation. Compliant business in Iran is not only possible, it is also ethically important because it helps support employees who not only face unemployment but will also no longer be influenced by values that promote increased understanding and tolerance in Iranian society. Recognizing such social obligations, Western companies in Iran cannot hide behind the sanctions if their real reason to leave or restructure is lost business result from the management’s lack of business skills, capabilities, and commitment.

After Trump’s Iran Decision: Time for Europe to Step Up

◢ The E3 should now acknowledge that its negotiating tactic of accommodation and comprise with Trump has failed. If Europe is to have any influence forthcoming US policy on Iran, European governments should quickly shift tack, unifying behind a more assertive diplomatic strategy aimed at deterring the worst-case scenario of renewed Iranian nuclear program and more instability and violence in a region close to its borders.