Iran Sanctions Fuel a Boom Town

Iran Sanctions Fuel a Boom Town

Arwind would prefer not to be called a smuggler, or to give his full name. Rather, he insists, he runs an import-export business specializing in synthetic leather shoes from China, wedding dresses, fabrics and satellite receivers. But he also likes to trade in refrigerators, auto parts and Coca-Cola. Indeed, the polite 39-year-old Indian says his business is about "whatever Iran needs at the moment." And lots of things are needed in Iran now, particularly due to the sanctions that have been imposed and the resulting paucity of trade between Iran and the West. Indeed, the trade restrictions are soon to become even tougher.

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