US ex­ports to Iran quadru­ple af­ter sanc­tions reim­posed

Iran Daily - - Front Page -

The value of US ex­ports to Iran in Au­gust, when Wash­ing­ton reim­posed anti-tehran sanc­tions, in­creased four­fold com­pared to a month ear­lier and the same pe­riod in 2017, ac­cord­ing to the lat­est data re­leased by the US Cen­sus Bureau.

The Cen­sus Bureau’s data showed that US ex­ports to Iran dur­ing Au­gust rose by 400 per­cent year-on-year to $149.8 mil­lion, Tas­nim News Agency re­ported.

In Au­gust 2017, the United States ex­ported goods val­ued at $34.7 mil­lion to Iran, ac­cord­ing to the re­port.

In July this year, US ex­ports to the Is­lamic Repub­lic stood at $35.7 mil­lion.

US im­ports from Iran dur­ing Au­gust 2018 also in­creased by 200 per­cent com­pared to the fig­ure for the same pe­riod last year, reach­ing $7.1 mil­lion.

The rise in US ex­ports to Iran and im­ports from the coun­try came in spite of Wash­ing­ton’s with­drawal from the 2015 Iran nu­clear deal and reim­po­si­tion of anti-tehran sanc­tions.

On May 8, the US pres­i­dent pulled his coun­try out of the Joint Com­pre­hen­sive Plan of Ac­tion (JCPOA), the nu­clear deal that was achieved in Vi­enna in 2015 af­ter years of ne­go­ti­a­tions among Iran and the P5+1 (Rus­sia, China, the US, Bri­tain, France and Ger­many).

Fol­low­ing the US exit, Iran and the re­main­ing par­ties launched talks to save the ac­cord.

On Au­gust 6, Trump signed an ex­ec­u­tive order reim­pos­ing many sanc­tions on Iran, three months af­ter pulling out of the Iran nu­clear deal.

He said the US pol­icy is to put “max­i­mum eco­nomic pres­sure” on the coun­try.

Trump also re­stated his opin­ion that the 2015 Iran nu­clear deal was a “hor­ri­ble, one-sided deal”.


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