Top Stories
AP:
"The U.N's top nuclear official expressed concern Tuesday that Iran
may be secretly continuing work on nuclear weapons while his agency is
tied up in protracted negotiations with the country on restarting an
investigation into past suspected research and development of such arms.
The comments by International Atomic Energy Agency head Yukiya Amano are
bound to resonate with Israel and Western nations, which assert Iran is
seeking nuclear weapons capacity even though it insists its atomic
activities are transparent and peaceful... 'We do not know for sure, but
we have information indicating that Iran was engaged in activities
relevant to the development of nuclear explosive devices in the past and
now,' he told The Associated Press in what appeared to be his most
specific assertion that such activities are continuing into the present.
While not going into detail, Amano said the IAEA's information was 'cross
checked ... so we have concerns.'" http://t.uani.com/Z1poCp
Bloomberg:
"The first international treaty regulating the $70 billion global
arms trade was adopted by the United Nations General Assembly yesterday
in a vote that came amid a U.S. debate on gun control. The treaty was
approved by a 154-3 tally, easily more than two-thirds of the 193-member
General Assembly. Iran, Syria and North Korea voted against the pact, and
23 countries abstained... Hammered out after years of negotiations, the
agreement seeks to stop cross-border shipments of conventional weapons --
from small arms and missile launchers to tanks, warships and attack
helicopters -- that could enable war crimes, terrorism or human rights
violations." http://t.uani.com/ZzBGky
Reuters:
"Iran will pursue its nuclear quest although it has reaped few gains
from a totem of national pride that has cost it well over $100 billion in
lost oil revenue and foreign investment alone, two think-tanks said on
Wednesday. A report by the Washington-based Carnegie Endowment for
International Peace and the Federation of American Scientists said Iran's
atomic work could not simply be ended or 'bombed away' and that diplomacy
was the only way to keep it peaceful. 'It is entangled with too much
pride - however misguided - and sunk costs simply to be abandoned,' the report's
authors, Ali Vaez of the International Crisis Group and Carnegie's Karim
Sadjadpour, said of Iran's five-decade-old nuclear program, which began
under the U.S.-allied shah... The report, entitled 'Iran's Nuclear
Odyssey: Costs and Risks', seeks to tabulate the opportunity costs of the
nuclear program, and puts these at 'well over $100 billion' in terms of
lost foreign investment and oil revenues... 'No sound strategic energy
planning would prioritize nuclear energy in a country like Iran,' the report
said." http://t.uani.com/14NiLLe
Nuclear Program
WashPost: "After more than four
years of diplomacy, the Obama administration is struggling to contain the
nuclear threats posed by North Korea and Iran, a pair of nations already
isolated internationally and resistant to the economic incentives offered
in return for an end to their programs... In the case of Iran, the
administration is pursuing an elusive deal to halt that country's nuclear
advances. Diplomats from the United States and five other world powers
will meet with Iranian officials in Kazakhstan on Friday for negotiations
aimed at persuading Tehran to agree to limits on its nuclear program. A
round of talks in February was hailed as 'positive' by Iranian officials,
but it yielded no concessions by Iran. Western diplomats involved in
preparations for this week's talks say Iran is expected to make a new
offer that would include an agreement to restrict or suspend some of its
production of enriched uranium. But they say Iran is likely to insist on
immediate relief from economic sanctions, something that the United
States and its European allies are not likely to grant. A former senior
administration official said Monday that chances for a deal in the near
future remain slim. 'I have such low expectations for what's going to
come out of this next round of talks that I think it's a mistake to try
to set the bar,' the former adviser, Gary Samore, told a panel at the
Brookings Institution in Washington. 'I think that it really is
unrealistic to expect that there'll be some kind of breakthrough in these
talks.'" http://t.uani.com/XdhvfD
Sanctions
Reuters:
"Trade sanctions against Iran and the bankruptcy of U.S. steelmaker
RG Steel were among the troubles that forced London-based commodities
trader Balli to enter administration, industry sources said... 'Most of
Balli's business was done with Iran, so obviously with the sanctions
their ability to do business out of London with Iran was dramatically
reduced,' a steel trader said." http://t.uani.com/14Nk1hx
NPR:
"According to recent reports from Iran, inflation rates rose for the
sixth consecutive month in March. It currently stands at 31.5 percent.
Robert Siegel talks with New York Times reporter Thomas Erdbrink about
the effects of high inflation rates on Iran." http://t.uani.com/XM2D9D
Human Rights
BBC:
"BBC Persian TV continues to defy the odds by reaching record
numbers of viewers in Iran in 2013. A new survey puts the audience at a
new high of 11.4m - up 90% on last year's figure of 6m - despite
persistent jamming of satellites from inside Iran and harassment of the
families of BBC Persian staff by Iranian officials. The success follows a
similarly massive audience jump in 2012, when the number of viewers rose
by 85% from 3.1m to 6m. Peter Horrocks, World Service director,
attributes the growth to 'the professionalism and bravery' of staff whose
families in Iran have faced intimidation by the Iranian authorities. 'It
is clear that crude attempts to discredit our journalism are failing and
ordinary Iranians are increasingly turning to the BBC for independent
news they can trust,' he says." http://t.uani.com/XM6VxH
Opinion &
Analysis
Patrick Clawson in
WINEP: "The image of Iran's economy as oil, carpets,
and pistachios was always flawed, but has now become badly dated. The
Islamic Republic is in the midst of a non-oil export boom -- it has the
potential to remain a middle-income country even with no oil exports, and
the reserves to finance the transition in the meantime. For years, Iran's
leaders called for reduced reliance on oil but did little to meet that
goal. Western sanctions have seemingly spurred them to action -- in his
annual Nowruz address on March 21, Supreme Leader Ali Khamenei
acknowledged for the first time that restrictions on the country's oil
exports had made a serious impact: 'The sanctions have had an effect,
which is because of an essential flaw that we are suffering from. The
flaw that our economy is suffering from is that it is dependent on oil.'
He also acknowledged that Iran's 'economic weakness' had led to 'harsh
conditions for certain groups of people.' Rather than change Iranian
nuclear policy, however, he argued, 'We can turn every threat into an
opportunity...The sanctions caused the massive domestic capacities of the
Iranian nation to become activated.' While still important, oil is becoming
a smaller part of Iran's trade. In 2012, the country imported $57 billion
in goods and exported $34 billion in non-oil products, meaning that
non-oil exports covered 60% of the import bill, compared to 24% in 2002
and 14% in 1992. It produced this shift in part by converting more of its
oil into industrial products for export; according to the Iranian Customs
Administration, the $29.2 billion in non-oil exports over the first
eleven months of fiscal 2012/2013 included $9.0 billion in chemical
products (mostly petrochemicals such as urea fertilizer and polyethylene)
and $3.2 billion in plastics made from oil. But other products are also
being exported at high rates, including $8.2 billion in minerals, stone,
cement, and related products, $5.3 billion in agricultural products, and
$800 million in carpets. The country's largest market is Iraq, which took
$5.6 billion in goods over the same period, including much of Iran's
manufactured exports (e.g., more than $300 million in automobiles). The
next-largest customers were China ($4.8 billion), the United Arab
Emirates ($3.9 billion), Afghanistan ($2.5 billion), India ($2.4
billion), and Turkey ($1.3 billion). Overall, Iran's 179-page monthly
customs report shows in great detail how the balance of trade is steadily
improving, with category after category of exports headed up and category
after category of imports headed down. To be sure, the country still has
a large non-oil trade deficit, a problem exacerbated by the deficit in
services and on the capital account. But its capital outflow also appears
to be decreasing -- Central Bank data reported in Tehran's Donya-e
Eqtesad newspaper pegged this outflow at $2.4 billion in April-May 2012
compared to $11.4 billion the previous year, in no small part because
international banks cut their exposure to Iran. If the declining deficits
continue, Iran could use its ample reserves to finance a moderately
smooth transition to an economy without oil exports... Thus far,
international sanctions have focused on decreasing Iran's oil income, but
Tehran has apparently decided to accept the immediate pain while
promoting a smaller role for oil, undercutting the West's strategy. In
fact, the regime's approach is good for Iran in the long term. To quote
OPEC founder Juan Pablo Perez Alfonzo, oil has often been the devil's
curse, encouraging a windfall mentality that impedes growth. Exploring
alternative Western strategies requires a fuller study, but a few
implications of this analysis merit mention. One is that extending
sanctions to cover all Iranian exports would be very difficult. Getting
Turkey, China, India, and others to give up Iranian oil was hard enough;
persuading them not to buy Iranian fertilizer would be even
tougher." http://t.uani.com/16nlpne
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