Associated Press Publishes Extensive Analysis of U.S. Trade With Iran
The Associated Press today published an extensive analysis of U.S. trade with Iran. The article, entitled "From Bull Semen to Bras, Iran Still Buys American" notes that despite sanctions, the U.S. exported more than $500 million worth of goods to Iran from 2001 to 2007. This amount does not include the value of goods that were reexported either legally or illegally to Iran from third countries.
While bull semen is an agricultural commodity that is eligible to be licensed to Iran under the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), many of the other items mentioned in the article, such as brassieres, perfumes and golf carts are not eligible for an export license. Thus, it appears that these items were shipped to Iran in violation of U.S. law or incorrectly reported in the trade statistics. The complete article is reprinted below with permission of the AP. Be sure to scroll to the bottom of the page to see the photos and chart.
Labels: OFAC, Sanctions; Iran
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