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Corporate Marketing and Government Affairs Manager
Industry: Legal
Location: GCC -
Government Relations Manager
Industry: Legal
Location: Dubai, UAE
US pressure on UAE 'illegal', Iran says
by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 03 September 2007
US pressure on the UAE to restrict trade with Iran is illegal and will harm the region’s economy, Iran said yesterday.
The US has recently pressured the UAE to crack down on companies believed to be smuggling equipment to Iran to build explosive devices killing American soldiers in Iraq and Afghanistan.
The UAE announced Friday a new law authorising authorities to ban or restrict shipments for national security or foreign policy reasons.
The import, export and re-export of any commodity can be banned or restricted for reasons related to safety, public health, environment, natural resources, national security or for reasons related to foreign policy, according to the legislation.
The move was met with criticism from the country’s business community.
“The US pressure on the UAE is in the direction of the same illegal US policy against Iran in the past and beyond the UN resolutions” Mohammad Ali Hosseini told newswire AP.
Iranian newspaper Hamshahri said in its editorial that trade restrictions would hurt Iran, the UAE and other countries in the region.
“Putting Iran’s economic interactions in danger would mean economic risk for many countries” it said. “Under the circumstances the UAE would not be able to repeat its economic boom years”.
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