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INSTEX chief to brief British traders, officials: Sources

London, President of Europe's special purpose vehicle for trade with Iran will visit London next week to talks with British traders and officials, an informed source said Tuesday.

Per Fischer, the president of the Europe's trade channel with Iran known as INSTEX, will go to London to talk with British business people, heads of firms, investors and officials, the source told Islamic Republic News Agency (IRNA).

The source, who spoke on condition of anonymity, said that the meeting is organized jointly by the British Department of International Trade and IranBritain Chamber of Commerce, and it would be aimed at responding to the concerns of British companies on doing business with Iran.

INSTEX was a mechanism devised by Europe to keep trade with Iran for small and mediumsized companies under the sanctions Washington imposed on Iran after withdrawing from the nuclear deal in May 2018.

Fischer visited Iran last month and held meetings with the country's official on implementations of INSTEX.

After the unilateral withdrawal of Washington, the other signatories, including France, Britain and Germany, expressed commitment to the deal and said they were willing to keep trade with Iran.

Source: Islamic Republic News Agency IRNA


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