South West Asia Current Events Report

posted Nov 2, 2013, 4:52 PM by Unknown user


After quite a while, Iran and the United States finally start on their nuclear negotiations in Geneva. The new Iranian president, Hassan Rouhani talked in a suspenseful fifteen minute phone call and reopen a line of communication that has been closed for more than thirty years. The new Iranian president clearly wants to establish trust between the two country, but however, that will be no easy feat. A long time of arguing between the two countries will take a while to settle. There is also the nuclear problem which will be no easy task. In addition to the Us opening up the exportation channels, Iran would need to agree to the closure of some of its nuclear facilities. A partial deal will be struck and Iran will have a little connection with the west once again.

This is related to the standards because it has to do with trade. What I mean is the United States is wanting to trade with Iran because Iran has a lot of oil. Also, Iran is a prat of OPEC which is an organization (also could be called a confederation) that helps manage the amount of oil drilled in the Earth. Finally, the United States first had an embargo with Iran. Now, they are willing to open up a little since there is a new president.

SS7E6 The student will explain how voluntary trade benefits buyers and sellers in Southwest Asia (Middle East).

a. Explain how specialization encourages trade between countries.

b. Compare and contrast different types of trade barriers, such as tariffs, quotas, and embargos.

c. Explain the primary function of the Organization of Petroleum Exporting Countries (OPEC).

d. Explain why international trade requires a system for exchanging currencies between nations.