Iran Europe

Iran, Croatia sign MoU on private sector joint investment

The document was inked during a visit by Iranian Economy Minister Farhad Dejpasand to the East European country.

Trade

European states want to join INSTEX: Belgian official

Belgium is one of those European countries that has expressed interest in using the recently-created financial channel to do business with Iran.

Trade

INSTEX will provide opportunities for British firms to engage with Iran: UK Commissioner

Simon Penney, the British government’s Trade Commissioner for the Middle East, Afghanistan and Pakistan has said in talks with Hossein Selahvarzi, Vice President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) that European financial mechanism can facilitate trade with Iran.

Video

High-level European delegation to visit Iran to hammer out INSTEX

INSTEX, whose creation was announced on the last day of January, can function when there is a similar company in Iran that will be supervised by the Central Bank of Iran. Now, a high-level European delegation is set to travel to Iran to hold talks on details.

Trade

Iran to unveil company similar to INSTEX ‘soon’: CBI

INSTEX was created by Germany, France and the UK on the last day of January after months of deliberation by European countries. Its a financial mechanism meant to provide a legal and transparent channel in which Europe engages in trade of non-sanctioned goods with Iran following US sanctions.

Trade

Iranian, Portuguese SMEs to use INSTEX to expand business ties

Although Portugal was the 75th destination of Iranian exported products, businessmen from this European country have traveled to Iran to expand business relations between the two countries as the creation of INSTEX has seemingly breathed new air into Iran’s trade with Europe.

Trade

Iran, Iraq open non-dollar payment channel in defiance of US sanctions

Tehran’s initiatives to avoid using US dollar in its interantioanl trade can consolidate warmer political and economic relations with its neighbours and regional countries. Such mecahnisms as well as Europe’s INSTEX could finally help it alleviate problems caused by punitive US measures.

Trade

12 proposed products to export to Iran through INSTEX

The European Union and in particular, Paris, Berlin and London have been working out ways to continue what they call "legitimate trade" with Iran in a bid to lessen the effect of unilateral US sanctions that have been hampering financial transactions.

Trade

Video

Iran Chamber of Commerce urges Europe to push private firms to trade with Iran via INSTEX

Pedram Soltani, Vice President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says European governments should encourage their private sector companies to use INSTEX for trade with Iran. He believes the mechanism could take up to a year to become operational.

Video

Iran private sector welcomes INSTEX, vows to make it ‘big success’

INSTEX (Instrument in Support of Trade Exchange) is the new denomination of Europe’s special purpose vehicle (SPV) that’s been designed to include trade of pharmaceuticals, medical devices and agri-foods between three European countries and Iran in the face of unilateral US sanctions.

Money and Capital Markets