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Eurasian Trade Opportunities in a Post-Sanctions Iran

Iranian President Hasan Rouhani welcomes Turkish President Recep Tayyip Erdoğan to Tehran on April 7 to discuss bilateral relations and strengthening ties between the two countries. If a nuclear deal with Iran is finalized and sanctions are lifted, Turkey could be the biggest winner in the region as the two countries can advance interests in banking, energy, transportation, and trade. (Photo: Iran Presidential Press Service)

The Iranian nuclear deal has broad trade implications for Eurasia. The pending lifting of sanctions would allow Iran to take advantage of its favorable geographic position, as it straddles the commercial crossroads connecting Europe, Central Asia, the Caucasus and the Middle East.
 
If the provisions contained in the nuclear deal are implemented as envisioned, there are a number of historic and cultural factors that could spur rapid growth in Iran’s trade ties with Eurasian markets.
 
Many Eurasian states have historic links to Iran: Azerbaijan and Armenia, for example, were controlled by Persian kings until the territories were ceded to Russia under the Treaty of Turkmenchay in 1828. Also, Afghanistan, Tajikistan and Iran share a common language – Persian, Dari and Tajik being mutually intelligible. Elsewhere, Turkey and, to a considerably lesser degree, Turkmenistan already have trade ties with Iran covering a wide range of sectors.
 

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Shahin Shamsabadi is head of Business Intelligence MENA at The Risk Advisory Group (www.riskadvisory.net).

Eurasian Trade Opportunities in a Post-Sanctions Iran

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