NFTC, USA*Engage Express Concerns Over Iran Sanctions Conference Report"

Wednesday, 23 June 2010

Washington, DC – TheNational Foreign Trade Council (NFTC) and USA*Engage today expressed concernsover the unilateral and extraterritorial sanctions, as well as the statedivestment provisions contained in the Comprehensive Iran SanctionsAccountability and Divestment Act of 2010 conference report. Theassociations released the following joint statement.

“Just two weeks ago, the Administration successfullygarnered international support and cooperation to impose additionalmultilateral UN sanctions against Iran. Given this recent development, we aredeeply concerned about the timing of this legislation and its unintendedconsequences for legitimate global commerce,” said NFTC President andUSA*Engage Co-Chair Bill Reinsch. 

“We continue to believe the legislation is ill-advised.  Unilateral sanctions fail to producetheir intended effects upon sovereign states, and the scope of these sanctionsis worrisome.  We realize that theconferees have made some efforts not to damage normal commerce and the globalsupply chain in the construction of the sanctions regime,” said USA*EngageDirector Richard Sawaya.

“We endorse the commitment to duly-licensed humanitariantrade in agricultural and medical products, as well as the provision for safeoperation of U.S.-made aircraft. We also are encouraged that the legislationaddresses some of the legitimate concerns of U.S. companies not engaged incommerce in Iran, and that it affords the president flexibility in applying thesanctions,” Sawaya continued.

“We have and will continue to urge Congress to support thepresident’s multilateral and multilayered diplomacy with Iran,” Reinschconcluded.