INSTEX director arrives in Tehran

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Head of the trio’s missions welcomed Per Fischer, whose visit to Tehran is a major step for discussing operationalizing the trade mechanism between Iran and Europe.

On January 31, foreign ministers of Germany, France and Britain declared that the official payment channel of Iran and EU was registered as the Instrument in Support of Trade Exchanges (INSTEX).

The mechanism will initially cover foodstuff and medicine, but its range will broaden gradually.

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