NEWS
ECONOMY   Nuclear  

INSTEX President in Tehran for Talks with Iranian Officials

The president of the European Union’s financial mechanism for trade with Iran known as the Instrument in Support of Trade Exchanges (INSTEX) has traveled to Tehran to hold talks with senior Iranian officials on ways to make the mechanism operational.

“E3 (Britain, France and Germany) Heads of Missions welcome INSTEX's president, Per Fischer, to Tehran,” the French Embassy in Tehran said on its official Twitter account on Monday night.

“Important step to discuss with Iranian counterparts how to make the EU-Iran trade mechanism operational!” the embassy added in its tweet.

INSTEX is based in Paris and managed by the German banking expert Per Fischer.

The three European countries that are signatories to the 2015 Iran nuclear deal are reportedly going to use the channel initially only to sell food, medicine and medical devices in Iran.

In May 2018, the US president pulled his country out of the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal that was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

Following the US withdrawal, Iran and the remaining parties launched talks to save the accord.

News No: 4009
Date: 2019/03/13 - 21:26
News Source: Tasnim News Agency

INSTEX  European  mechanism  JCPOA  US 

Comments:

Leave a Comment:

   
   
   
 

MSC is leading other companies in reducing water consumption: Crisis Management Dept.

The Director General of Isfahan Provincial Crisis Management Department, accompanied by a host of crisis managers from governor’s offices in the province, toured the production lines of Mobarakeh Steel Company and hailed MSC as a leading company when it comes to cutting water consumption.
 

Vietnam Mills Books 30,000 MT HRC from Russia

Imported HRC offers to Vietnam inched up this week following uptrend in export offers from China. On weekly basis imported HRC offer to Vietnam inch up by USD 5/MT from China.
 

India: Tata Steel Invites Bid for 15,000 MT Imported Steel Scrap

Tata Steel Ltd has issued another RFQ (Request for Quotation) for procurement of 15,000 MT imported steel melting scrap for its newly acquired plant Bhushan Steel Limited recently, SteelMint learned from industry sources.
 

Canadian Raw Material Exports Fell in Jan'19

Trade statistics released by Canada custom shows that the iron ore exports by the country recorded at 3.19 MnT in Jan'19. The exports dropped 7 month low in Jan'19, as it was last seen in Jun'18 at 2 MnT. The exports depicted fall of 35% as compared to Dec'18 exports at 4.9 MnT.
 

Australia to host battery research centre

Australia's Federal Minister for Industry, Science and Technology, Karen Andrews, announced the approval of a Future Battery Industries Cooperative Research Centre (CRC) at Curtin University in Perth. Andrews also said her office will commit A$25 million in funding.
 

Coal's collapse crowns winners and losers from China to the US

It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners