US Wants UAE to Set Tougher Trade Limits
The Bush administration is pressuring the United Arab Emirates to crack down on companies believed to be smuggling equipment to Iran to build explosive devices killing American soldiers in Iraq and Afghanistan.The UAE's legislative body, the 40-member Federal National Council, is quietly considering such a proposal, but its prospects are uncertain. The White House has expressed its concerns publicly and through diplomatic channels in Washington about troubling shipments to Iranian front companies operating in Dubai.
The UAE is among the world's largest shipping hubs for international commerce, and is located just across the narrow Strait of Hormuz from Iran. The countries have been trading partners for centuries. Much of Iran's trade flows through Dubai, which also ranked as the top export destination in the Middle East last year for American companies with $12 billion worth of goods. Continue to the full article from Source.
The UAE is among the world's largest shipping hubs for international commerce, and is located just across the narrow Strait of Hormuz from Iran. The countries have been trading partners for centuries. Much of Iran's trade flows through Dubai, which also ranked as the top export destination in the Middle East last year for American companies with $12 billion worth of goods. Continue to the full article from Source.
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