EghtesadOnline: Foreign Minister Mohammed Javad Zarif said on Sunday that the newly established mechanism for trade with Iran has fallen short and urged Europe to show more determination to salvage the 2015 nuclear deal following the US exit.
EghtesadOnline: Three European signatories to the Iran nuclear deal—formally known as the Joint Comprehensive Plan of Action—namely Germany, France and Britain, have proposed to limit the scope of INSTEX, the long-awaited mechanism for facilitating trade with Iran, to pharmaceutical, medical devices and agrifood in its initial phase, Iran’s Ambassador in London Hamid Baeidinejad said on Twitter.
EghtesadOnline: Europe unveiled its long-awaited mechanism for facilitating trade with Iran by circumventing US global financial dominance on Thursday and the move received a mixed response in Tehran’s commercial corridors.
EghtesadOnline: In a joint statement on Thursday, French, German and UK Foreign Ministers announced the establishment of 'INSTEX' the long-awaited mechanism created for facilitating trade with Iran.
EghtesadOnline: Germany’s foreign minister said he is hopeful Europe in the coming weeks will be able to finalize its long-promised payment channel for conducting trade with Iran.
EghtesadOnline: India would like to trade with Iran without violating any international laws, Indian Commerce and Industry Minister Suresh Prabhu said on Thursday.
EghtesadOnline: The European Union says work is continuing to set up a special payment mechanism to facilitate trade with Iran and sidestep US sanctions against Tehran.
EghtesadOnline: Despite tougher US sanctions against Tehran, German small- and medium-sized enterprises will continue trade with Iran, the co-chair of Iran-Germany Chambers of Commerce said, hoping for more support from Brussels.
EghtesadOnline: Federica Mogherini, the European Union’s foreign policy chief, said a so-called "Special Purpose Vehicle" under consideration to facilitate trade with Iran could be in place “before November”.
EghtesadOnline: Turkey intends to defy US President Donald Trump and continue its strong bilateral trade links with Iran, the Turkish ambassador to Tehran announced on Sunday.