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Swiss Humanitarian Trade Arrangement (SHTA)

Iran to receive $1B of blocked money in South Korea via Swiss channel

Washington has agreed “in principle” on the partial transfer of Iranian funds held by South Korean banks under US sanctions to Switzerland, South Korea’s official KBS World Radio station cited a senior foreign ministry official as saying.

Macro Economy

Swiss SHTA more viable than EU, South Korea channels for trade with Iran: Businessman

The trade channel between Iran and Switzerland, known as the Swiss Humanitarian Trade Agreement (SHTA), is expected to be more viable than its counterparts in the EU and South Korea and function even after a possible change of government in United States next year, head of the Iran-Switzerland Joint Chamber of Commerce said.

Trade

Swiss FM to discuss humanitarian channel in Tehran tomorrow

Iranian Foreign Minister Mohammad Javad Zarif is to host his Swiss counterpart on Sunday, during a two-day visit by the latter to mark the 100th anniversary of Switzerland’s diplomatic presence in Iran that is also meant to address bilateral, regional, and international issues.

Iran Chamber

’50 Swiss companies ready to enter Swiss trade channel for Iran’

Chairman of Iran-Switzerland Joint Chamber of Commerce says 50 major Swiss companies are ready to enter the Swiss Humanitarian Trade Arrangement (SHTA) channel which has brought a shipment of cancer drugs to Iran for the first time.

Trade

Swiss humanitarian channel not meeting Iran’s needs: Takht Ravanchi

Iran’s permanent Ambassador to the United Nations says the trade channel launched by a Swiss bank to help the Islamic Republic use its overseas funds to procure food and medicine for its people amid the deadly coronavirus pandemic has so far failed to meet the country’s needs.

Society Economy

Iran gained nothing from Swiss humanitarian channel: Report

A new report published in the American media shows a Swiss trade channel much publicized by Washington as a secure way of delivering humanitarian assistance to Iran at a time of sanctions has failed to process any single deal on Iranian medicine imports.

Trade

US not banning medicine flow to Iran, very big lie: Zanganeh

Bijan Namdar Zanganeh has lashed out at the United States for claims that Iran’s import of medicine and other humanitarian goods are exempt from Washington’s unilateral sanctions.

Society Economy

Iran skeptical about US waiver to Swiss humanitarian initiative

The governor of the Central Bank of Iran (CBI) has expressed doubts about the practicality of a decision by the US government to allow Switzerland to use Iranian finances to ship food and medicine into the country.

Trade

No cap on size and volume of SHTA transactions for Iran: Swiss official

A senior trade official in Switzerland has said that there is no cap on the size and volume of SHTA transactions and that Switzerland had finalized the details of the mechanism with US authorities.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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