Clinton Responds to Paul's Call

: 03/23/2000

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Issued: Thursday, March 23, 2000

Clinton Responds to Paul's Call for Open Markets

Washington, D.C. - Late last week, the Clinton Administration responded to a letter from Congressman Ron Paul calling for the opening of markets in Iran by lifting sanctions on imports of Iranian carpets, dried fruit, nuts and caviar. Although it only applies to a few products, Paul believes it is a step in the right direction.

"It is time for a foreign policy which encourages trade and peaceful engagement with all people throughout the world," Paul said. "People of the agricultural industry in the U.S. are far ahead of Washington bureaucrats on this issue, as they have long ago awakened to the fact that sanctions and embargoes result in detrimental consequences to U.S. agriculture. I will continue to seek the total removal of all sanctions in Iran, but I am pleased with the first steps the President has taken in response to my request."

U.S. sanctions in Iran have hurt domestic companies who have lost profits while European companies have reaped the benefits of their contracts with Iran. Paul said the time is right for a total removal of trade restrictions so that all aspects of the U.S. economy, especially the agriculture community, can prosper....

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