Instrument in Support of Trade Exchanges

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.

EghtesadOnline: Members of the European financial mechanism company known as INSTEX [Instrument in Support of Trade Exchanges] and its Iranian counterpart will join talks between Iran and the five signatories of the Iran nuclear deal today (Tuesday) in Brussels.

EghtesadOnline: A mirror Iranian company has been founded to partner with the European trade mechanism, known as Instrument in Support of Trade Exchanges (INSTEX).