NEWS
ECONOMY   Nuclear  

INSTEX President in Tehran for Talks with Iranian Officials

The president of the European Union’s financial mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges (INSTEX) has traveled to Tehran to hold talks with senior Iranian officials on ways to make the mechanism operational.

“E3 (Britain, France and Germany) Heads of Missions welcome INSTEX's president, Per Fischer, to Tehran,” the French Embassy in Tehran said on its official Twitter account on Monday night.

“Important step to discuss with Iranian counterparts how to make the EU-Iran trade mechanism operational!” the embassy added in its tweet.

INSTEX is based in Paris and managed by the German banking expert Per Fischer.

The three European countries that are signatories to the 2015 Iran nuclear deal are reportedly going to use the channel initially only to sell food, medicine and medical devices in Iran.

In May 2018, the US president pulled his country out of the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal that was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

Following the US withdrawal, Iran and the remaining parties launched talks to save the accord.

News No: 4009
Date: 2019/03/13 - 21:26
News Source: Tasnim News Agency

INSTEX  European  mechanism  JCPOA  US 

Comments:

Leave a Comment:

   
   
   
 

Cryptocurrency campaign seeks to help Iran flood victims

An independent campaign has been launched in Iran in order to attract international aid in cryptocurrency for flood victims in the face of US sanctions which have choked off foreign funds.
 

Official: Value of Sistan-Baluchestan's four-month exports up 76%

The southeastern Iranian province of Sistan-Baluchestan exported products worth more than $337 million during March 21-July 22, 2019, indicating a 76-percent growth year-on-year.
 

NIOC: Iran to present oil at stock exchange for sixth time

The National Iranian Oil Company (NIOC) announced on Saturday that the sixth round of introducing Iran’s crude oil at the stock exchange will start as of August 21st.
 

China resumes work on three key projects in Iran despite US sanctions

China has reengaged with Iran on three key projects despite US sanctions on the Islamic Republic, the Oil Price quoted a senior oil and gas industry source who works closely with the Iranian Oil Ministry.
 

OPEC sees downbeat oil outlook for rest of 2019

OPEC delivered a bearish oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.
 

Ministry official: Over 4,600 knowledge-based firms operating in Iran

More than 4,600 new technology-based firms are currently operating in Iran, 46 percent of which are manufacturing or industrial units that take credit for some 80 percent of the profits yielded by the country’s knowledge-based enterprises, a Ministry of Industry, Mine and Trade of Iran official said.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners