EghtesadOnline: Trade between Iran and EU member states during the first half of 2019 stood at €2.56 billion to register a 76.01% plunge compared with last year’s corresponding period.
EghtesadOnline: lBernd Erbel, 72, a German diplomat and a former head of his country’s mission in Iran (Oct. 2009-2013) has been appointed as the new president of Iran-EU trade mechanism, known officially as the Instrument in Support of Trade Exchange (INSTEX).
EghtesadOnline: The parties to the 2015 nuclear deal do not consider Iran's reduction of its commitments a "significant" non-compliance and there is no intention to trigger the dispute resolution mechanism foreseen in Article 36 of the agreement for now.
EghtesadOnline: The European Union fully backs Iraq’s efforts to de-escalate tensions between Iran and the United States, because a conflict will have dire consequences for all sides, EU foreign policy chief, Federica Mogherini, said on Saturday.
EghtesadOnline: The European Union should be concerned about the United States' illegal policies instead of worrying about Iran's reciprocal steps to reduce its commitments under the 2015 nuclear deal, President Hassan Rouhani said.
EghtesadOnline: The Special Trade and Finance Institute, the Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange (INSTEX), is testing the payment channels for the import and export of goods, according to the CEO of the institute.
EghtesadOnline: French Finance Minister Bruno Le Maire said on Thursday he hopes the EU special trade mechanism, known officially as Instrument in Support of the Trade Exchange (INSTEX), completes a first limited transaction in the coming days.
EghtesadOnline: The remaining signatories to the landmark nuclear deal between Iran and six world powers, formally known as the Joint Comprehensive Plan of Action, announced in a statement that the EU mechanism for trade with Iran is up and running.
EghtesadOnline: The European Union said on Monday that it will consider Iran to be complying with its obligations under a global nuclear deal up until the point scientific evidence emerges that it has breached its commitments.
EghtesadOnline: Ambassadors from France, Germany and the UK to Iran released a joint statement on Friday underscoring the commitments of their governments to launch the first transaction soon with Iran using the much-touted EU financial mechanism.