As the US Congress has returned from August recess on Tuesday, the chances are that it will jump immediately into the debate over the lifting of sanctions against Iran. Republicans, who have a majority in both the Senate and House of Representatives, are banking on dragging the approval process through lengthy debates and veto.
Iran deal has become a unique case for Unites States. Historically, these issues have some bipartisan support. But the current scenario is that GOP will pass a resolution to disapprove the deal in Congress. So far, not a single Republican has shown any interest in voting in favour of the deal. Obama will certainly veto the resolution and according to the current tally, the Democrats have enough votes in the Senate to uphold the veto in the upper house. The US President can also temporarily waive U.S. sanctions on Iran.
Another less talked about, but the important issue is the acceptance of the deal by Supreme Leader of Iran. Multiple times he has shown reservation about the deal and according to his recent statements he is not happy with the existing draft of the deal at all. However, the chances are that he will endorse the deal despite objection about it.
The rest of the world is poised to resume trade with Iran. While eyes are set on the actions of President Obama and US Congress; not all countries are waiting for the outcome to move ahead with better trade links with Iran. Europeans, Chinese and even Indians are making exclusive deals with Iran. The earlier a country establishes trade ties, the better it is. Without a doubt, the regional politics is quickly changing. India is taking full advantage of the current situation by strengthening its trade relations first with Afghanistan, UAE and now its involvement with Chabahar Port, in Iran.
However, it is clear that due to its foreign policy issues Pakistan does not have the same luxury. Nevertheless, Pakistan has started the underlying work by inviting Iran with the proposed China-Pakistan Economic Corridor (CPEC). This collaboration will indeed create a goodwill that will benefit Pakistan once the sanctions lift entirely on Iran.
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