Iran deal makes China upgrade exports
Updated: 2015-04-10 08:08
By Mei Xinyu(China Daily)
|
|||||||||
The general view of the plenary session on Iran's potential nuclear framework deal in Lausanne, Switzerland, on March 29, 2015. Foreign ministers from major world powers on Sunday night kicked off a plenary session to further bridge gaps on Iran's potential nuclear framework deal. [Photo/Xinhua] |
With the lifting of the West-imposed oil and financial sanctions on Iran after a framework agreement was reached between Iran and the 5+1 nations, Teheran will get more space to improve the national economy and the livelihoods of the Iranian people.
The framework deal between Iran and the five permanent members of the UN Security Council plus Germany is the result of multiple factors. On one hand, the top Iranian leaders, keeping in mind the demand of the people, have shown a strong desire to emerge out the economic stagnation caused by the tough Western sanctions. On the other, the US-led Western countries have exhibited increasing willingness to loosen sanctions, because many of their leaders have realized that the stability and social cohesion of Iran even under sanctions are still much better than in the Arab countries. As a result, they have come to believe that sanctions alone cannot topple the Iranian leadership.
The Western leaders also believe that the sanctions on Iran have provided China and Russia with a profitable market without Western competitors, as well as a political and strategic foothold in the Gulf region. Moreover, the sanctions imposed on Iran, they feel, have given more power to Saudi Arabia to sway the international oil market, from which Islamist forces have directly or indirectly benefited.
It is because of these factors that the Western leaders believe that by continuing the sanctions against Iran they would accrue more losses instead of making gains.
US President Barack Obama's lackluster domestic as well as foreign policies during his second term meant he would not have any political legacy. This fear strongly motivated Obama to achieve a major diplomatic breakthrough, especially with longtime adversary Iran. With the same motivation, the Obama administration also started the talks to normalize diplomatic relations with Cuba.
In response to the overtures from the US, Iran has considerably increased its oil exports since President Hassan Rouhani assumed office. The appreciation of the Iranian currency, rial, against the dollar and the euro in recent days also showed that the Iranian people and business circles were optimistic about a compromise deal being struck with the 5+1 nations.
- Global health entering new era: WHO chief
- Brazil's planning minister steps aside after recordings revelation
- Vietnam, US adopt joint statement on advancing comprehensive partnership
- European border closures 'inhumane': UN refugee agency
- Japan's foreign minister calls A-bombings extremely regrettable
- Fukushima impact unprecedented for oceans: US expert
- Stars of Lijiang River: Elderly brothers with white beards
- Wealthy Chinese children paying money to learn British manners
- Military-style wedding: Fighter jets, grooms in dashing uniforms
- Striking photos around the world: May 16 - May 22
- Robots help elderly in nursing home in east China
- Hanging in the air: Chongqing holds rescue drill
- 2.1-ton tofu finishes in two hours in central China
- Six things you may not know about Grain Buds
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
Marriott unlikely to top Anbang offer for Starwood: Observers
Chinese biopharma debuts on Nasdaq
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
US Weekly
Geared to go |
The place to be |