Iran Economy NewsBoeing's Pursuit of Business With Iran Despite Atrocities It...

Boeing’s Pursuit of Business With Iran Despite Atrocities It Is Involved In

-

Iran Focus

London, 7 Apr – The Obama administration allowed Iran to purchase American planes that have been used to transport weapons to terrorists, and other illegal activities, in the past. The Trump administration is now reviewing the policies that were in place at the time.

Earlier this week Boeing announced that, pending review by the administration, there is an agreement in place with Iran for the sale of up to 60 aircraft.

Earlier in the year, Trump’s administration was criticised for continuing with Obama’s policies to approve sales with the Islamic Republic. However, sources indicate that the administration is reviewing all deals – past and future – in a bid to carry out a comprehensive assessment of the nuclear deal.

Numerous US lawmakers and foreign policy experts have criticised the agreement between Boeing and Iran, saying that the result will be a boost to illegal weapons trading.

It is possible that the Trump administration will reverse many of the promises the US made to Iran under President Obama’s administration with regards to the sale of aircraft and numerous other concessions that would promote business in Iran.

Although the Treasury Department has not been in a position to comment on ongoing issues surrounding the Boeing deal, officials have highlighted that the deal is not set in stone. The Treasury Department will review the deal and will issue a licence if it deems the sale worthy of being pursued.

From a legal point of view, American companies like Boeing are legally allowed to enter into agreements and negotiate with Iranian companies, provided that the companies are not subject to sanctions imposed by the United States. One condition, however, is that the Treasury Department must provide consent before any official deals are made.

Before leaving office, President Obama pushed numerous such deals through.

The Trump administration has vowed to be tougher towards Iran and has criticised his predecessor’s leniency towards Iran. The Trump administration’s review of such deals will hopefully serve as a warning to Boeing and other companies wishing to do business with Iran. Some have already described it as outrageous that anyone would continue to pursue a deal with a country that supports a regime in Syria that drops chemical bombs on towns killing civilians and children.

Rep. Peter Roskam (R., Ill.) is strongly opposed to the Boeing-Iran deal. He said: “We will do everything within our power, and we hope the administration will do everything within its power, to prevent the sale of even more airplanes to state-owned companies in the Islamic Republic.”

 

Latest news

The Strange Business of Real Estate Agents and Grave Sales in Iran

The state-run Hamshahri newspaper reported on the buying and selling of graves in Iran. The report says that 460 million...

Iran’s Regime Claims Reaching Agreement with Oman, but Strait of Hormuz Will Not Be Reopened

While the Iranian regime seeks to portray its control over the Strait of Hormuz as a sign of power...

Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms shipment sent by the Iranian regime to the Houthi militants...

Iranian Regime Reports Attacks on U.S. Bases in Response to Larak Strike

Following the U.S. attack on IRGC positions on Larak Island, which killed and wounded several IRGC personnel and local...

U.S. Attacks IRGC Positions on Larak Island

Reports indicate that U.S. forces attacked two launch platforms belonging to Iran's Islamic Revolutionary Guard Corps (IRGC) on Larak...

Behind The $6 Billion Preferential Currency Allocation Scandal In Iran’s Auto Assembly Industry

News about the allocation of a large share of the automotive industry's government-supplied foreign currency to assembly companies has...

Must read

Iran’s Cyberterrorism Threat

By Jubin Katiraie Experts are warning that a global...

Women not permitted in cabinet of Iran’s new president

Iran Focus: Tehran, Iran, Aug. 07 – Women will...

You might also likeRELATED
Recommended to you