To: TobagoJack who wrote (18157 ) 5/11/2007 2:38:01 AM From: elmatador Respond to of 220168 $153 billion in deals with Iran since 2000. Foreign investment rises in Iran Tue, 08 May 2007 04:03:41 A new study suggests companies and government agencies in three dozen countries have struck more than $153 billion in deals with Iran since 2000. The research by the conservative American Enterprise Institute think tank shows that while the number of new deals with Iran fell between 2000 and 2007 from 101 to 18, the value of those deals rose from $21.68 billion in 2000 to $47.5 billion in 2007; Reuters reported on Monday. "I think it means that companies are interested in going in for a big pay off .The companies are doing a cost-benefit analysis and saying to themselves 'this is too good to pass up," said Danielle Pletka, AEI's vice president for foreign and defense policy. Most of the investment from more than 300 corporations and government agencies comes from Europe and Asia and most deals involve the energy sector, given that Iran is the world's fourth-largest oil exporter. The AEI report lists companies, countries, specific transactions, export credit guarantees, and export and import flows -- all from public sources. The report will be formally released at a news conference on Wednesday. During the period studied, French companies were the leading investor in Iran at $30.2 billion, followed by China at $29.5 billion, Germany at $26 billion, Italy at $23.7 billion, Japan at $18.3 billion, Austria at $18 billion, the Netherlands at $13.6 billion, South Korea at $13.27 billion, Britain at $12.78 billion and India at $9.9 billion. With other factors added in, France is only Iran's fifth-largest trading partner. While some countries, like Japan, have reduced investment in Iran, "France has remained an enthusiastic partner," Pletka said. Even the United States, which has had trade sanctions on Iran for nearly 30 years, posted $4.2 billion in investments.Pletka said US firms conducted business through subsidiaries. Other companies and government agencies cited by AEI included France's Calyon Corporate and Investment Bank, the Italian national export credit agency SACE, China National Non-Ferrous Metals Industry Corp., Germany's Linde AG and Japan's Chiyoda Corp. China, which needs new energy supplies to support its booming economy, was Iran's number one trading partner in 2005 -- the last year for which trade figures were available -- after four consecutive years as number two. In 2005, Italy was the number two trading partner and also the number one guarantor of government export credits to Iran. Japan, Iran's number one trading partner in 2000-2004, was ninth in 2005. Tokyo has been under strong pressure from Washington to curb its dealings with Iran. Spokesmen for the US State and Treasury Departments say they were unaware of any comprehensive US government analysis of US and international investment in Iran despite the fact that their