Why the private sector will decide if historic nuclear deal with Iran survives
The accord calls for removal of a portion of the sanctions levied against Iran. That would be a largely pro forma exercise at the UN and in countries' respective legal systems. But Tehran does not care about sanctions relief per se. What it wants is an economic benefit that lasts. The deal'...
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| Published in | Irish independent |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Dublin
Independent News & Media
16.07.2015
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| Online Access | Get full text |
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| Summary: | The accord calls for removal of a portion of the sanctions levied against Iran. That would be a largely pro forma exercise at the UN and in countries' respective legal systems. But Tehran does not care about sanctions relief per se. What it wants is an economic benefit that lasts. The deal's "snapback" provision to restore sanctions amplifies these tensions. It would fast-track the reimposition of sanctions if Iran were to break its commitments. Far from bringing clarity to business expectations, it amounts to a political tripwire for yet another shock to the legal framework. In addition, the task force is not equipped to handle the broader problems against which sanctions are being deployed. Not least the very deliberately named "nuclear-related sanctions" at issue in the Iran deal. Other potentially helpful organisations, including the UN, have similar gaps. The lack of a robust role for nongovernmental stakeholders is the most common, and most severe. |
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