Iran–United States Rapprochement

Iran–United States Rapprochement ... 27/09/2013 Politics, #American, #Barack_Obama, #Geneva, #Hassan_Rouhani, #India, #Iran, #Iranian, #Iranian_Revolution, #Iran–United_States_Rapprochement, #Korea, #Middle_East, #NIAC, #New_York, #New_York_City, #Obama, #Obama_administration, #President, #Revolution, #Rouhani, #Shah, #South_Korea, #Tehran, #US, #United_States, #Washington

The visit by President Hassan Rouhani of Iran to New York City in September 2013 was hailed as major progress in Iran's relations with United States. Rouhani previously said that his government was ready to hold talks with the United States after thirty two years. However, he rejected U.S. President Barack Obama's request for a meeting with him. On 27 September, a day after the two countries' foreign ministers met during the P5+1 and Iran talks, Rouhani and Obama spoke by telephone, the two countries' highest political exchange since 1979. The call led to protests by Iranian conservatives who chanted "death to America" when Rouhani returned to Tehran. On the 34th anniversary of the embassy siege, tens of thousands of supporters of a more hardline approach to relations gathered at the site of the former U.S. embassy to denounce rapprochement. It was the largest such gathering in recent years.
In May 2013, U.S. President Barack Obama lifted a trade embargo of communications equipment and software to non-government Iranians. In June 2013, the Obama administration expanded its sanctions against Iran, targeting its auto industry and, for the first time, its currency.
As of January 2014, the successful conclusion and implementation of an interim diplomatic agreement restricting Iranian nuclear development, negotiated between Iran and major world powers in Geneva, has led to the release of some of Iran's frozen overseas assets as well as a partial lifting of sanctions previously placed upon Iranian trade in automotive parts, petrochemicals, and precious metals. The United States government has also pledged to continue renewing the exemptions to oil sanctions currently enjoyed by states such as India and South Korea, key customers of the Iranian oil sector. Restrictions placed upon the insurance against loss of Iranian seagoing vessels have also been waived at the completion of the 2013 agreements in Geneva.
According to a 2014-study by NIAC, sanctions cost U.S. over $175b in lost trade and 279,000 lost job opportunities.
According to Business Monitor International:
The tentative rapprochement between Iran and the US, which began in the second half of 2013, has the potential to become a world-changing development, and unleash tremendous geopolitical and economic opportunities, if it is sustained. Tehran and Washington have been bitter enemies since 1979, when the Iranian Revolution overthrew the pro-American Shah and replaced him with a virulently anti-Western Islamist regime. Since then, Iran has been at the vanguard of countries actively challenging the US-led world order. This has led to instability in the Middle East, and Iran's relative isolation in international affairs. Yet, if Iran and the US were to achieve a diplomatic breakthrough, geopolitical tensions in the Middle East could decline sharply, and Iran could come to be perceived as a promising emerging market in its own right.
Business Monitor International (January 2014)

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