The Trade between the EU and Iran Concerning the Last Ten Years and the Effect of Embargos and Boycots on the Trade between Both - Iran Geopolitically

The Trade between the EU and Iran Concerning the Last Ten Years and the Effect of Embargos and Boycots on the Trade between Both - Iran Geopolitically

Introduction

The Islamic Republic of Iran is a country of the Middle East that is labor-rich and resource-rich. This region is the area of focus and attention of the national security policies of the United States. The U.S. has designated the government of Iran as a state that sponsors the terrorism. The Administration of 2006 in the U.S. National Security Strategy observe that the United States may not be able to counter any bigger challenge from any other country individually that the threats it has from Iran. The U.S. also contends that, in the entire Middle East, Iran has proven to be the biggest destabilizing force; United States also expresses serious concerns regarding the increasing influence of Iran internationally as well as in the local regions (Solomon, Jay; Farnaz Fassihi, 2010).

Research Problem

The current research is undertaken with an aim to study Iran in a geopolitical manner with reference to its trading and relations that influence its economy and development too. The current research study will primarily focus on the trade between the EU and IRAN, and sometimes on the trade between IRAN and the world or Iran and another country. The paper will predominantly handle the information and data about the recent period (2001-2012). The information regarding the Iran's trade flows, its bilateral relations and treaties, and the significance of the oil sector in the country will be researched upon and discussed. Moreover, the paper will also discuss the influence and impacts of the embargo and bans on the Iran are trading.

The information in the current study will be undertaken to be researched from various journals of economy, databases, online libraries, and from the factsheets about Iran. The geography, demographics, currency, revolutions, GDP, and numerous other economic and political factors will be undertaken to discuss. The current research will present a good amount of data and information for the public and the readers regarding the recent impacts and influence regarding the Iranian government. It will also form the basis of the researches on the Iran's future and making prediction about it in the future studies.

2. Iran

Introduction

Iran was known as Persia till 1935. Persia was one of the greatest kingdoms during the ancient era. The year 1979 saw Iran become a unique Islamic state after the kingdom was overthrown in a coup. Religious scholars and clerics took control of politics under the guidance of the supreme leader Ayatollah Khomeini. Ever since the coup, the country has gone through a war with its northern neighbor Iraq that spread across eight years from 1980 to 1988. During this time, Iran was going through internal struggles for power, civil unrest, violations of basic human rights and economic ...