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INSTEX is to facilitate trade with Iran

Germany, France and the UK have founded after NDR info a special-purpose company for the Iran-trade official. The Name: INSTEX. Europe dares to confrontation with the United States.

"Look, we have to do something for you" - this is the message that is to arrive in Iran. The Europeans want to help with the payment channel to the harsh US sanctions against Tehran.

According to the NDR information is registered, the purpose of society, and thus officially founded. You will carry the name INSTEX. The acronym stands for "Instrument in Support of Trade Exchanges", which translates roughly as: a tool to support trading activities.

Open to other partners

was Already known, that the company in Paris will be settled and a German managing Director. This is the NDR information, according to an experienced banking expert from Frankfurt am Main.

third-party shareholder in addition to Germany and France, the United Kingdom, which will take over the chairmanship of the Supervisory Board. In this panel each of the three countries will each appoint a senior official from its Ministry of foreign Affairs. Other EU-States it is up to the Trio to join and INSTEX to join.

Many companies are already gone

, Since banks have to fear because of the U.S. sanctions, punitive measures suspended, complicates the payment transactions in Iran to the extreme. This Problem is designed to help INSTEX deal. But that's not going to be easy.

Although the new payment channel is the strongest Signal of the three European States to the address of US President Donald Trump that you hold the decision in may 2018, from the Iran nuclear deal to get out, is wrong. However, whether using INSTEX of the Iran-trade can be crucial to revive is questionable. Because many corporations have left the state on the Persian Gulf, already the back.

INSTEX is to facilitate, among other things, the trade in drugs is a pharmacies-place in Teheran (November, 2018)

every beginning is difficult

INSTEX the government in Tehran the opportunity to meet the hard-liners in the country with the Argument that the Europeans in the trade and had questions on the side of Iran. But the economic Benefit is likely to be manageable, at least in the initial phase.

First of all, from the European side, only food, medicine and medical products to be traded on the billing tool. Miracle is not likely to have the effect of the new tool. But it is considered to be expandable. And sends strong signals to Washington and to Tehran.

A difficult balancing act

In all this, is aware of the delicate balancing act of dealing with Iran for Germany, France and the UK: on The one hand you want to save the nuclear agreement to prevent Tehran comes into possession of the atomic bomb. On the other hand also the Federal government prepare for the Iranian missile program, the activity of Iranian intelligence services in Europe, or the role of the country in the war in Syria as a major concern.

As Europe, the Iran sanctions deal, 29.01.2019 Atlas France |Paris


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