tag Trade With Iran

Addition of Six European States to INSTEX Inconsequential

EghtesadOnline: A decision by six more European countries to join the EU financial mechanism set up to facilitate trade with Iran is aimed at creating optimism and will unlikely be effective, a former diplomat says.
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Publish Date:07/December/2019 | 11:45

Time for German Empathy, Support

EghtesadOnline: A food industry guild association has called on German firms to create a mechanism for trade with Iran to help mitigate the impact of tough United States economic sanctions.
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Publish Date:22/June/2019 | 11:43

German SMEs to Continue Trade With Iran

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.
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Publish Date:10/November/2018 | 09:24

Trade With Iran Will Not Depend on US Whims

EghtesadOnline: Russia’s Foreign Minister Sergei Lavrov said on Friday that other parties to Iran’s 2015 nuclear deal had agreed to work out ways of trading with Iran independently of the United States’ “whim”, Interfax news agency reported.
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Publish Date:10/July/2018 | 07:10

Envoy Sees Potential for Broader Iran-UK Relations

EghtesadOnline: The post-Brexit United Kingdom is keen on boosting trade with Iran but certain challenges need to be overcome before the two countries can reach that crucial point, Tehran's envoy to London said.
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Publish Date:02/February/2020 | 24:36

INSTEX: An Instrument Only on Paper

EghtesadOnline: Exactly one year ago the foreign ministers of France, Germany and the UK created the so-called Instrument for Supporting Trade Exchanges (INSTEX) to facilitate legitimate trade with Iran without violating the US economic sanctions. Since then absolutely nothing has happened.
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Publish Date:02/February/2020 | 24:23

Six EU Nations Join INSTEX

EghtesadOnline: Six European countries, namely Belgium, Denmark, Finland, the Netherlands, Norway and Sweden announced in a joint statement on Friday their intent to join the Instrument in Support of Trade Exchanges (INSTEX), designed to facilitate trade with Iran.
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Publish Date:01/December/2019 | 11:34

Eight More Countries Joining INSTEX

EghtesadOnline: Eight more countries have decided to join the financial mechanism for trade with Iran, in addition to states that have been part of the mechanism, said Nathalie Tocci, an aide to EU High Representative Federica Mogherini.
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Publish Date:02/October/2019 | 11:23

Newly-Appointed INSTEX Chief Quits

EghtesadOnline: European efforts to launch a payments channel to facilitate trade with Iran suffered a fresh setback on Thursday when the German former diplomat who was set to take over as the new chief of INSTEX was forced to pull out at the last moment.
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Publish Date:10/August/2019 | 24:31

Non-EU Members Joining 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.
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Publish Date:13/July/2019 | 11:35

No Intention to Quit JCPOA Despite Nuclear Rollbacks

EghtesadOnline: Europe should take further measures to ensure that the special trade channel set up to keep trade with Iran afloat satisfies Tehran's demands, a senior diplomat said on Saturday, while stressing that the country does not intend to leave the nuclear agreement.
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Publish Date:01/July/2019 | 10:49

Progress on Nuclear Deal Talks 'Positive', But 'Insufficient'

EghtesadOnline: Progress was made in nuclear talks on Friday to salvage the 2015 nuclear deal, but it is not sufficient to stop Tehran from scaling back compliance with the accord, a senior Iranian official said, as Europe announced that a new mechanism to allow trade with Tehran had become operational.
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Publish Date:30/June/2019 | 11:03

India Envoy, ICCIMA Chief Discuss Banking Issues

EghtesadOnline: India’s government is holding talks with a new bank to facilitate trade with Iran and process Iran/India transactions. The new bank is set to work in tandem with UCO bank, according to Gaddam Dharmendra, India’s ambassador to Iran.
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Publish Date:07/May/2019 | 11:22

Belgium Eager to Maintain Trade Ties With Iran

EghtesaadOnline: European countries, other than the founders of INSTEX, namely France, Germany and the UK, are willing to join the special purpose vehicle that facilitates trade with Iran, the economic and commercial counselor of Belgian Embassy in Iran said.
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Publish Date:19/March/2019 | 11:47

States in Talks With Europe to Use INSTEX

EghtesadOnline: A number of countries are holding negotiations with Europe to use their newly-registered special financial mechanism to continue their non-dollar trade with Iran.
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Publish Date:19/February/2019 | 11:22

Zarif: Europe Needs to Step Up Efforts to Save Nuclear Deal

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.
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Publish Date:18/February/2019 | 13:51

Iran's Envoy to UK: INSTEX Focused on Medicines, Agrifood in Initial Phase

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.
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Publish Date:10/February/2019 | 11:27

Ambivalence Surrounds INSTEX for Iranian Businesses

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.
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Publish Date:05/February/2019 | 15:14