As Iran Sanctions Ease, Businesses Gearing Up To Benefit
The U.N. Security Council unanimously approved a resolution formalizing the Iran nuclear agreement reached in Vienna. The resolution will not enter force for 90 days, but some countries are already moving to thaw economic relations with Tehran. Germany will hold an economic summit with Iran sometime later this summer or early this fall, according to an Iranian news agency. It will be the first economic conference between the two countries since 2002, before the imposition of U.N. and European sanctions.
Many German companies hope to capitalize on the ending of sanctions, including machine maker Bruckner.
]“The amount of interest in Iran has been unbelievable,” Tehran-based foreign investment specialist Ramin Rabii told the Guardian. “This is a geopolitical earthquake.”
EU Misses Target For Resettling Of 40,000 Migrants
European Union (EU) ministers fell short of a target to agree the redistribution of 40,000 migrants who have arrived in Italy and Greece, reports The Irish Times. The decision on how to relocate the asylum seekers who have fled to Greece and Italy among all of the EU members will be delayed until December.
Approximately 150,000 migrants have sought refuge from wars in Europe so far this year, according to the International Organization for Migration.
The Washington Post has an in-depth look at the town of Agadez, Niger, which is a key stop in migrants’ route from Africa and the Middle East to Europe. and is almost entirely in control of smugglers.
“Since the 15th century, Agadez has been one of the continent’s most important trading hubs, the gateway between West and North Africa. Now, it is a city run by human smugglers, ” writes Kevin Sieff.
Despite the perilous journey many face, migrants are likely to flow unabated because corruption makes it difficult for government officials to rein in the smugglers, The Guardian reported in June.
Report: Local Efforts Are Best Way To Solve Hunger
Hunger is a completely surmountable problem if local efforts are allowed to who the way, says Olivier de Schutter in Foreign Policy.
De Schutter, a former U.N. special rapporteur, contends hunger rates have remained relatively stable, which helps to explain why local responses, not solely international actions, will defeat hunger. In fact, he maintains that overproduction of food is one of the root causes of starvation.
“These interconnected systems of overproduction won’t feed the world. In fact, it is both what ails humankind and what starves it. Although its Goliath-like scale might make it appear invincible, its very ungainliness and failure to meet human needs could yet be its undoing. Indeed, big food has already been met with resistance in the form of an idea steadily gaining traction at the grassroots level: food sovereignty,” he posits.