trade mechanism
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Long-Awaited INSTEX Transaction Insufficient
EghtesadOnline: The first transaction conducted under the European trade mechanism to bypass American sanctions is so small that its effect on Iranian economy is insignificant, a lawmaker said.
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German Appointed New INSTEX Chief
EghtesadOnline: Another German diplomat was appointed president of the trade mechanism designed to settle trade between Iran and Europe, officially known as Instrument in Support of Trade Exchange…
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New Chief at INSTEX
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…
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INSTEX Issues Time for EU Reckoning
EghtesadOnline: CEO of the Special Trade and Finance Institute, the newly created trade mechanism to reciprocate with the European Instrument in Support of Trade Exchange (INSTEX), says now it…
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Erdogan: Turkey Ready to Launch Own SPV for Iran
EghtesadOnline: Turkish President Recep Tayyip Erdogan said his country is "ready" to set up its own trade mechanism with Iran, allowing companies from the two neighboring countries to continue…
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EU Unveils New Trade Mechanism for Trade with Iran: INSTEX
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…
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Traders Fear Europe's SPV May Not Fend Off US Sanctions on Iran
EghtesadOnline: As Iranian traders (and more broadly Europeans) wait for the launch of the long-awaited special purpose vehicle by European powers, some businesses fear that the trade mechanism…