Tehran tells Beirut to trade in Lebanese pound

Iran’s trade relationships with Lebanon are not very significant compared with Syria or Iraq. Foreign Minister Zarif’s recent visit to the Middle Eastern country has been aimed at pushing economic cooperation.

Iran sits at UN TIR Executive Board for second time

Irans representative has been chosen for the second time as a member of the TIR Executive Board (TIRExB). TIR Convention, signed in 1975 in Geneva, facilitates goods transit between 76 countries that have joined it. The Convention cover Europe, Central Asia, Middles East and even South America.

Iraq snubs US push to cut off Iran energy imports

US President Donald Trumps Administration is pressuring other countries to stop purchasing energy from Iran in a bid to tighten the noose against Tehran. However, Baghdad says it can not and will not comply with punitive measures imposed by Washington.

Pakistan issues 6-month visas for Iranian businessmen to boost trade

Mutual trade between the neighbouring countries rose to more than 1 billion dollars during the last 10 months, showing an increase of more than 40%, according to the Pakistani envoy.

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.

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.

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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.

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.

INSTEX preserves Europe’s economic sovereignty: Austria envoy

The European Union has set up and registered a special purpose vehicle to do "legitimate business" with Iran in the face of unilateral US sanctions. A top European diplomat believes such a payment channel will also benefit the Union’s 28 member states as well as Iran.

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Austria calls for ’fast’ actions to make INSTEX operational

Austrian Ambassador to Iran, Stefan Scholz, calls the establishment of INSTEX (Instrument in Support of Trade Exchange) a "huge success", saying the new European financial mechanism has helped Iranian currency rial recover after recent falls in value following US unilateral sanctions.