The Heavy Cost Of Iranian Sanctions

Extends to the US:

new study published this week by the National Iranian American Council argues that the various trade sanctions the United States has maintained on Iran for more than a decade actually hurts the American economy. The NIAC, a U.S.-based organization that pushes for a peaceful resolution of differences between Washington and Tehran, calculated that between 1995 and 2012, the United States has forfeited between $135 billion and $175 billion in export revenue as a consequence of not doing business with the Islamic Republic. …

In the United States alone, write researcher Jonathan Leslie, NIAC director of research Reza Marashi, and NIAC president Trita Parsi, “this lost export revenue translates into between 51,043 and 66,436 job opportunities lost per year on average. In 2008 alone, as many as 214,657 to 279,389 job opportunities were relinquished.”

Natasha Schmidt talks with Trita Parsi about the study. Schmidt asserts that  lifting sanctions will leave the international community “with very little leverage when dealing with Iran on a range of issues, from the nuclear program to human rights.” Parsi disputes this:

On the contrary, the West has very little leverage precisely because there is so little interaction. If the U.S. had not eliminated its trade with Iran in 1995 and if in 2009 there actually was a significant American presence in Iran, do you think the Iranian government would have had a harder or easier time to cheat in the elections? Would the US have had more or less leverage? Part of the reason the US had so little leverage in 2009 is because it had nothing in Iran. No embassy, no diplomats, no companies—no Americans. That’s no guarantee that it would have used its leverage constructively, but it is very difficult to argue that America’s complete absence from Iran has given it more leverage.