Iran Bans Exports
Godfather.
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DUBAI (Reuters) - Iran banned the export of around 50 basic goods, its media said on Tuesday, as the country takes steps to preserve supplies of essential items in the face of tightening Western sanctions.
The Islamic Republic is under intense financial pressure from U.S. and European trade restrictions imposed over its disputed nuclear programme.
The bans have led to a sharp drop over the past year in its oil exports, a major source of hard currency earnings and revenues for the government.
The Iranian rial currency has also plunged over fears the central bank will not be able to defend its value, making imports more difficult and more expensive.
Iranian traders will no longer be able to export goods including wheat, flour, sugar, and red meat, as well as aluminium and steel ingots, according to a letter from Deputy Industry Minister Seyyed Javad Taghavi published in Iranian media on Tuesday.
The letter also said a further list of banned goods would be announced later.
The Mehr news agency said the ban includes the re-exportation of some goods imported with government-subsidised dollars.
The Iranian government provides dollars at a rate of 12,260 rials each for specified priority goods. On the open market, dollars cost around 32,000 rials.
Many of Iran's basic imports are transported by sea via container ships.
Food and consumer items are not targeted by sanctions but a growing number of Western shipping companies, are pulling back from trade with Iran due to the complexities of deals, whilst also fearing losing business elsewhere.
This month shipping line Maersk said it was stopping port calls to the country.
According to the World Trade Organization, nearly 85 percent of all of Iran's exports in 2011 were fuels and mining products.
(Reporting by Yeganeh Torbati; Editing by John Stonestreet
Godfather.
The Islamic Republic is under intense financial pressure from U.S. and European trade restrictions imposed over its disputed nuclear programme.
The bans have led to a sharp drop over the past year in its oil exports, a major source of hard currency earnings and revenues for the government.
The Iranian rial currency has also plunged over fears the central bank will not be able to defend its value, making imports more difficult and more expensive.
Iranian traders will no longer be able to export goods including wheat, flour, sugar, and red meat, as well as aluminium and steel ingots, according to a letter from Deputy Industry Minister Seyyed Javad Taghavi published in Iranian media on Tuesday.
The letter also said a further list of banned goods would be announced later.
The Mehr news agency said the ban includes the re-exportation of some goods imported with government-subsidised dollars.
The Iranian government provides dollars at a rate of 12,260 rials each for specified priority goods. On the open market, dollars cost around 32,000 rials.
Many of Iran's basic imports are transported by sea via container ships.
Food and consumer items are not targeted by sanctions but a growing number of Western shipping companies, are pulling back from trade with Iran due to the complexities of deals, whilst also fearing losing business elsewhere.
This month shipping line Maersk said it was stopping port calls to the country.
According to the World Trade Organization, nearly 85 percent of all of Iran's exports in 2011 were fuels and mining products.
(Reporting by Yeganeh Torbati; Editing by John Stonestreet
Godfather.
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Comments
If we bomb them strategically in 35 locations with precision guided bombs, the govt. body is killed, Israel survives, and the GOOD people get the food, goods, water necessary to thrive! Also, the GOOD people of Iran take over the system and implement a more peaceful govt. body!
Now, Im not sure what type of IQ it takes to see the better choice here, but hey my opinion is to help the green revolutionary movement and the GOOD people of Iran, all while saving Israel!
That to me is an easy decision, but for most of the world who cannot see the bigger picture, they indecisivness is killing more GOOD people than if we would just bomb the shiat out of Irans key locations!
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
WOW, WOW, let me say again WOW!!! Bomb Iran??? My god, what's WRONG with you people! UnfuckenREAL! :fp: :nono:
I'd say we just stay out of their affairs.
Who takes over? A dictator? A US backed dictator?
Who is to say the people would get the food? We are only going to make things worse by bombing the country... And we know just how accurate precision bombing is...
Take a look at the innocents killed by "precision" drone bombings.
I'm not sure what kind of IQ it takes to see that either scenario involves GOOD Iranians being killed in the name of western imperialism....but obviously you're not quite there. Fuckin disgusting.
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
You people are nuts! Obama just did bomb a country and you did not say much did you?
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
and....what military action did Obama take in Egypt?
Yes or no, and why or why not!
I also support our actions in arming the opposition of Ghaddafi!
But we should do it in a way that our embassies are protected!
Egypt went Muslim.....their new president is Muslim Brotherhood and may be a radical....cant win them all i guess!
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
Ok thats a fair assessment, so now its your turn to yell at Obama for being imperial! What Obama did on Libya was the most "imperial" move that I have ever seen with no Congressional approval! WOW
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
So strategically bombing Libya without approval was not imperial, but if we strategically bomb Iran in certain locations....that would be imperial? Why so?
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
:fp:
YEA Bomb Libya without approval and leave a vacuum for the terrorists to fill! YEA GOOD JOB!!!!
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
Didn't think so.
I knew you'd spin that out...ANd btw, how exactly did you get that we should bomb precisely 35 locations and the govt of Iran would be taken out? Piece of cake right?! thats a bit overconfident. Sounds like someones been playing too many video games.
You support his actions, but he should have gotten congressional approval....arming Ghaddafi's opposition was a good thing....but it left a vacuum for terrorists?
You have such a hard-on for Obama that you can't even keep your opinions straight from one post to the next.
btw - I used the word 'imperial'....and yes, bombing Libya absolutely was a strategic imperialist move. NATO is guilty of that, and yes, Obama shares in that guilt.
:fp:
Right. Strategic bombing only kills government, sparing the GOOD people. Right. We've seen that happen over and over. Right. Good people don't get bombed. Right. :fp:
WRONG!
-Eddie Vedder, "Smile"
Hail, Hail!!!
Excellent point. The whole "let's bomb them" answer to things just makes no sense at all. http://www.youtube.com/watch?v=UaS2bRGS86c
-Eddie Vedder, "Smile"
I agree with you. I work for a large company that has divisions that execute Government (Defense) contracts that include weapons systems and weapons delivery systems up to and including nuclear capable advanced cruise missles and global ballistic missiles.
I should be one of the bad Government people and a viable target for a terrorist attack, shouldn't I? Because I work for a company whose seperate divisions build bombs... that are, apparently, smarter than the people whom advocate their usage.
Hail, Hail!!!
Cause doing nothing will hurt everyone.....and implementing hard sanctions is obviously hurting the innocent Iranian people!
So lets see what your policy would be
A man that stands for nothing....will fall for anything!
All people need to do more on every level!
If you're talking Iranian protection from their own government and culture (which I doubt)), then right or wrong, there are options for that (options that don't involve bombs).
The poster above me has a good point, Israel should play by the same rules everyone else does.
Then bring everyone to the table to negotiate a solution.
Ok so for every rocket that is fired into Israel, Israel can fire one back? Cause that would be playing by the same rules! You seem to forget that Palestinians fired hundreds of rockets into Israel this past year! How can you ignore that? Also, this past year Israel has retreated more than pushed outward! Fact!
A man that stands for nothing....will fall for anything!
All people need to do more on every level!