Sanctions? What Sanctions? German-Iranian Trade Booms
Banks and businesses blacklisted by the U.S. are embraced by the Germans.
November 27, 2008 - 1:49 am
Her tips will undoubtedly be useful for those in attendance, since in the meanwhile submissions showing that a deal is “particular worthy of support” are required in order to obtain Hermes guarantees for exports to Iran. This added requirement aside, the German government continues to provide Hermes guarantees for short-term, middle-term, and long-term business deals with Iran.
Dr. Thomas Scheuermann will be speaking on “Legal Aspects of Iran Business for German Enterprises.” Scheuermann is a member of the board of directors of the “German-Iranian Lawyers Association” [Deutsch-Iranische Juristen Vereinigung] and vice-president of the German-Iranian Chamber of Commerce.
Michael Tockuss will close out the conference with a talk on “Practical Consequences for Business with Iran.” Tockuss is the former managing director of the Tehran-based German-Iranian Chamber of Commerce and Industry and he is presently the second managing director of the German-Iranian Chamber of Commerce in Hamburg.
Despite all appeals from the international community – whether from Washington, London or Paris – German exporters to Iran are moving full speed ahead. The next event of note will be hosted by the “Management Circle” on January 26-27 at the Sofitel Frankfurt Savigny hotel in the heart of Frankfurt’s banking district.
“Your Success in Iran” screams the seminar announcement in big bold letters on the background of an Iranian flag: “Take advantage of the growth potential and develop effective strategies for entering the [Iranian] market!”
The brochure for the “Success Iran” seminar lists “seven good reasons why you should take the plunge into Iran.”
These range from “1. Vast raw material deposits and energy supplies” to “7. Traditionally good economic and political relations with Germany.” There is no mention of sanctions or any other difficulties here. And why should there be?
The 2002 German-Iranian Investment Agreement has not been cancelled, the federal government’s “Hermes” guarantees for business with Iran have not been suspended, and the upswing of trade is being promoted not combated.
The specialists on maximal trade relations with Iran – the bureaucrats and ideologues, the businessmen and bankers – can all have a good hearty laugh.
“The ‘Made in Germany” label has an excellent reputation and the demand for German capital and consumer goods remains strong,” the brochure for the Frankfurt seminar proudly announces: “In January 2008, Germany shipped 13% more goods to Iran as in the same period last year.”
Translated from German by John Rosenthal