|  | 


Germany: Efforts underway for implementing INSTEX

Tehran, Foreign Ministry spokeswoman Maria Adebahr emphasized Germany's commitment to Iran nuclear deal, saying Bering is to continue talks with Iran for implementing the INSTEX.

The Instrument in Support of Trade Exchanges (INSTEX) was adopted by foreign ministers of the European trio on the sidelines of a European Union summit in the Romanian capital Bucharest on January 1.

INSTEX has been registered at the address of France's Economy and Finance Ministry in Paris. German banker Per Fischer has been chosen for a period of six months to run it.

We are working intensely to operationalize the INSTEX, according to Turkish media Adebahr made the remarks addressing a press conference in Berlin.

She added As you know INSTEX also needs a mirror structure in Iran, which must be realized by the Iranian side.

We continue our talks with the Iranian side on this, she noted.

Elsewhere in her remarks, she urged Iran and Germany to ensure international standards with regards to antimoney laundering and combating the financing of terrorism.

Earlier, EU Foreign Policy chief Federica Mogherini and foreign ministers of France, Germany and the UK issued a joint statement on Thursday expressing full support for Iran's nuclear deal, also known as Joint Comprehensive Plan of Action (JCPOA).

'We remain fully committed to the preservation and full implementation of the JCPOA, a key achievement of the global nuclear nonproliferation architecture, which is in the security interest of all,' the statement said.

The statement comes a day after Iranian President Hassan Rouhani announced Tehran suspends some of its commitments under the deal.

Iran's President Hassan Rouhani said on Wednesday that Iran will give a 60day moratorium to the states parties to Joint Comprehensive Plan of Action (JCPOA) to remedy their breaches and restore Iran's interests enshrined by the international deal.

Iranian Supreme National Security Council (SNSC) in a statement announced that Iran has stopped some of its commitments under the JCPOA as of May 8, 2019.

Over the past year and after the US illegal withdrawal from Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), and its breach of the UN Security Council Resolution 2231, the Islamic Republic of Iran has shown most of its selfrestraint and has given considerable opportunity on requests made by other parties to JCPOA, the statement reads.

May 8 marks the first anniversary of the US unilateral withdrawal from the Iran Deal formally known as the JCPOA endorsed by United Nations Security Council Resolution 2231.

Source: Islamic Republic News Agency IRNA

The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.