The State Department’s Bureau of Economic, Energy and Business Affairs (EEB) is one of the federal government’s leading voices for promoting US economic interests across the globe. EEB implements policies involving international trade, investment and finance, economic development and sanctions, debt policy, terrorist financing, energy security, telecommunications and transportation. It also actively promotes opportunities for American businesses. Since 9/11 the bureau has increasingly supported the government’s Global War on Terrorism (GWOT) while carrying out its economic mission. This includes promoting US sanctions against Iran, which has continued to do business with numerous American corporations - including those with close ties to the Bush administration - through a loophole in federal law.
The latest country to reach an “Open Skies” agreement with the US is
. To date 91 countries have agreed to such accords that foster competition (read: opens markets to US airlines).
One of EEB’s priorities is keeping pressure on foreign governments and companies to comply with US efforts to isolate Iran because of its nuclear program. This policy has left untouched the business dealings by American foreign subsidiaries that have provided goods and services to Iran through a loophole in US law (see Controversies). These companies include
, Vice President Dick Cheney’s former company, as well as petroleum industry providers
. There’s also a Swiss-owned
dealership in Tehran, and
Canadian unit has worked on a huge hydroelectric project in Iran.
(by Jason Leopold, Common Dreams)