German-Iranian Trade and German Industry’s ‘Resistance’ to Sanctions

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A Wednesday report in the German economic daily Handelsblatt makes clear that German-Iranian trade continued to boom in 2007 despite existing U.N. sanctions and international calls to isolate Iran economically. According to statistics cited in a report by Germany’s Federal Trade Agency (BFAI), German exports to Iran are supposed to have declined by 15 percent to around €3.5 billion. However, in what the paper calls a “surprising development,” German imports from Iran actually increased by 50 percent to some €580 million. It should be noted, moreover, that both figures are said to be based on statistical data running only through […]

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