Iranian economy offered safe investment environment before 2011 when we had many car manufacturing, Electronics, Semiconductors, advanced techs, financial and banking system, and other sectors operating inside Iran with confidence. After America and other world powers enforced sanctions on Iran many of the Koreans and European Companies had to leave Iran. For example, LG electronics was very big in Iran and had manufacturing, assembly line, and small part of supply chain in Iran. They had to close down their factory and end their operations in Iran. Same happened to French Auto Makers. After JCPOA the French Auto Makers and some other companies returned to Iran. But Korean Consumer Electronic Producers such as LG did not return to Iran. This meant Iran was removed from mind of such Korean Investors and others as such a safe place for investment. See they did not return to Iran after JCPOA. The damages caused by sanctions in 2012 have been long lasting and Iran may never get back many things which were lost during that period.
There were also other damages. For example, Iranian car manufacturers relied solely on Iranian Car Part Producers. Meaning all the car parts used in Iranian and French Cars were produced by Iranian producers. It was a giant industry in Iran and was big part of Iranian Economy. But these companies relied on global industrial supply chains and had transactions with foreign companies. The car part manufacturers went bankrupt and had to close down after sanctions had targeted Iranian trades and capability of these manufacturers to get intermediate products used in car part production.
These are not small things but rather life time works and efforts of very hard working people who built these industries and part manufacturing by difficulties and hardship over years. People lost their jobs. A nation had invested a large portion of its modern efforts to build car part manufacturing and gaining independence in car Industry. But they were all lost due to sanctions Obama admisntration imposed on Iran. Iranian Nuclear Program was not even military and rather was civilian. Iran never tested a Nuclear Bomb nor ever created highly enriched Nuclear Material. Iran had to capability to but never did because Iran wanted to show Iran is not weaponizing its Nuclear Program. The Obama’s era sanctions were solely engineered to damage Iranian Economy and slow down its industrial expansion. It had little to do with Iranian Nuclear Program. But people of the World were deceived by never ceasing rants of Netanyahu weaponizing Holocaust against Iranian people and industrial efforts.
There were also Iranian banking sector which had transaction with global banking system. The Iranian access to banking system was cut off after 2012. It was supposed to be restored after JCPOA. But the bankers in the Europe were not quick in giving Iran access to banking system even after JCPOA had stated the access must be restored. Some argue America was behind the delay. But others argue the bankers feared America. They were afraid they may get punished if they give Iranians access to their banking system. It is because state of fear Iranian Nuclear Program and America had created. Bankers, Corporations, and Nations had feared America’s retaliation and punishment if they do business with Iran. They were afraid to return to Iran even after JCPOA and Nuclear agreement had made it legal and had encouraged investment in Iran. Iran was supposed to enjoy a great economic boom and increase in investment from JCPOA. But Iran got sanctioned again by Trump Administration and outcome of American democracy.
After 5 Nuclear Power, Germany, and Iran had talked for half a decade and arrived at agreement called JCPOA we witnessed an American President called Trump comes and simply withdraws from agreement. America tried very hard to show Trump as foolish or maybe so called though on Iran. America wants the crimes of Trump or better said actions of Trump to be remembered as Trump’s actions and not USA. The minimum thing we must do to punish the return of sanctions on Iran is to make sure the world and especially Iranian people always remember it as crimes of America.
Trump Era actions are American actions. Return of sanctions on Iran has been done under power of combined forces of USA. So USA is guilty. The tariff on China and Chinese products are American actions and must always be remembered as American moves against Chinese People. Sanctions on Russia by Trump Administrations are American actions and America must be remembered as the part guilty of such of move. The tariff on European and world Aluminum and Steel products is remembered as American war on Free Trade and not only Trump’s trade war. We must ensure America will forever carries crimes and outcome of Trump’s actions as American crimes and American guilt against the whole world. Until recent time American crimes been against Japanese, Spanish, South American, Korean, Russian, and Muslim people. More recently only Muslims held America responsible and guilty of certain wrongs. But now whole world must remember America accountable and guilty for crimes of Donald Trump’s era. Because America did it and Trump could not do it alone. America withdrew from JCPOA and it was most wrong for Iranians were already cheated by JCPOA. They were already harmed by it. I came to Iran and saw the wrong it caused against Iranian People. Then Trump repeated it with no excuse and it was a shame for modern America.
Concerning sanctions I must say next USA president must remove them as soon as possible once he gets to office. Even if it is for accountability of United States of America. Well better said it is better for American image to see next USA President immediately removes sanctions on Iran.
Another thing we must remember is we need global encouragement to witness investment in Iran. We need state of fear and lack of investment security to be lifted from corporations and investors around the globe so they come safely and securely invest in Iran without fearing return of sanctions or punishment by United States of America. We also need guarantees stating America will never sanction Iran again under any pretext. Sanctions are not daily tool to be used for sanction itself causes certain harm but the fear of sanctions brings down investment confidence. Even before Trump sanctions being introduced on Iran we had 90 days confirmation of Iranian affirmation by JCPOA by USA congress. Meaning USA congress had to approve it every 90 days that Iran is complying with nuclear agreement. It was bad for business confidence and it was bad for investments. Nobody knew what happens in 90 days. Well they knew since we had IAEA (International Atomic Agency) confirming it on daily basis. But then Trump decided on his gut feeling that Iran is not complying. So we need to make sure sanctions cannot be unilaterally introduced by United States of America ever again. The same way Fed (Federal Reserve and central banks) have independence and are not political the sanctions and especially access to financial system must not become political nor security tool. It is not tool of pressure and rather it is tool of international financial operation. We cannot have a USA Federal Administration, CIA, or any other organization can introduce sanction on access to financial system as mean of secondary sanctions on institutions who do trade with Iran. The America’s ability to impose sanctions on financial transactions, dollar trade, and banking system must forever be removed from tool box. We need independence for Fed even when it comes to sanctions on other nations and it must not be limited to the interest rates.
Again I must say we need global encouragements for decades to come to invest in Iran. We need return of semiconductors, consumer electronics, manufacturing, high tech manufacturing, and other businesses to Iran and we need return of access to global financial system for Iran and those who do business in Iran. We need confidence and we need long term security for our investments. Iran is the central Cog of Global Economy and when Iran is not functioning correctly and is not accessible to the rest of the world half of the world’s economy does not function appropriately. It is because Iran’s geostrategic location and human capital. Iran is the biting heart of half of the world economy even if Iranian share of economy is low. Iran trades in low value productions and products at intermediate industries this is why Iran appears as small part of global economy. But Iran is not small part of world economy and rather it is low value products which Iran sells. But they are highly specialized, difficult to make, and are strategic. Iran supplies the world industries on many relatively cheap parts and intermediate products. Iran supply machinery and electrical parts to many poor countries. Iran independently turns third world countries such as Nigeria into developing economy. But now Iran is sanctioned and is struggling and the world must come to the aid of Iranian people and Economy against hostile sanctions by America. Iran is also located on central land mass of Eurasia, Africa, and is on the central trade system of Indian Ocean. (These become complex classic Geopolitics now wiped from memory and knowledge.) But enough to say Iran is central cog of Global Economy and Industry. Quote; \ls
