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Instrument in Support of Trade Exchange

  • 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 European Union says more nations, both from in and outside the EU, have announced willingness to join the financial mechanism, known officially as Instrument in Support of Trade Exchange (INSTEX), designed to trade with Iran.

  • EghtesadOnline: The European mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), to shield the country’s trade from crippling US sanctions won’t be useful if it does not allow oil sales, Iran’s oil minister said.

  • EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed by importing oil from Iran to ensure its sustainable operation.

  • EghtesadOnline: President of the Instrument in Support of Trade Exchange (INSTEX) recently conferred with economic and business authorities in Tehran on ways to remove barriers to launching the long-awaited European trade mechanism.

  • EghtesadOnline: Iran’s ambassador to London, Hamid Baeidinejad, said US threats to sanction Iran’s reciprocal trade entity to Europe’s Instrument in Support of Trade Exchange could put an end to INSTEX, and by extension to whatever is left of European diplomacy vis-à-vis the Iran nuclear agreement.