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      Archive: 12/24/2010

      News Brief

        12/24/2010, Tevet 17, 5771

      Report: Iran a Good Market for Exceptions to US Boycott

      The United States government has granted almost 10,000 special licenses allowing American companies to do billions of dollars in business with Iran and other countries blacklisted as state sponsors of terrorism, according to a Thursday report by the New York Times. Most of the exceptions constituted agricultural and medical humanitarian aid in theory if not in practice, while hundreds of others served American foreign policy goals. The agricultural and humanitarian exemptions enacted into law in 2000 have been worth $1.7 billion in deals in an Iranian market virtually without trade beforehand.

      An anonymous treasury official told Reuters, "Because the U.S. has the toughest and most comprehensive sanctions against Iran, allowing for the exportation of food, medicine and medical devices is consistent with our objective of not hurting the Iranian people."