Tuesday, June 22, 2010

Iran Sanctions: Declining Trade with Dubai

Observing a more strict application of UN sanctions against Iran, the UAE government has taken measures that are resulting in significantly lower trade volume across the Persian Gulf.

- In the last two months, UAE authorities have closed down 40 trading firms doing business with Iran for dealing in “dual-use and dangerous materials” that violate UN sanctions [AFP, 22 June].

- All containers arriving at Dubai ports for trans-shipment by smaller boats to Iran have to be unloaded, inspected, and loaded into new containers, a process that costs traders 1,000 extra dollars per container.

- For years, Dubai was Iran’s top trading partner, with trade volume estimated at 10 billion dollars a year. Last year, the volume dropped to 7 billion dollars and in the recent months, Dubai trade volume has slipped to the third place.


Anonymous said...

Source please?

Nader Uskowi said...

AFP on closure of the companies and the trans-shipment extra inspections. The official Iranian trade stats on volume of trade with Dubai.

Anonymous said...

iran prepeared for complate war againest usa and israel on all front one of most front i can see iran eyes to invade uae as soon as war start by my point two front will get the most damaged one in persian gulf area second in north west of iran azerbiajan distract in two front iran will strike hard to take intire azarbijan vary important to iran that make to close range in black sea area to face georgia so when this will actualy happend less than 2 weeks from now.

Anonymous said...

About time too

Let them Dear Arab brothers see if they can get along without Iran.

Lets see how else the West will try to sell an experimental building to the Arabs that will fall victim to natural decay due to Sandstorms and humidity withinn 10-20 years.

That way all petrodollars will flow back to the western Banks and Iran will long have found another hub for its transactions

Dariush London

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