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Iran’s envoy, French foreign ministry official talk in Paris

Tehran, Iranian Ambassador to Paris Bahram Qasemi on Tuesday met with the a French foreign ministry's senior official and discussed bilateral relations.

Qasemi and Secretary General of French Ministry of Foreign Affairs and Europe Maurice GourdaultMontagne discussed issues of mutual interest, the Iranian embassy in France said in a message released in the embassy's twitter account.

The Iranian embassy's twitter account described the Iranian and France officials' talks as constructive and positive.

GourdaultMontagne is France's representative in the Instrument in Support of Trade Exchange (INSTEX), the official name of the nondollar trade mechanism.

INSTEX is the European Union's first independent financial channel that has been opened in a bid to unblock the trade of nonsanctioned humanitarian commodities, such as medicine or agrifoods, that has been hugely hindered due to the US unilateral economic sanctions on Iran that have targeted any international banking ties with Tehran.

It was announced in the Romanian capital Bucharest on the last day of January by the foreign ministers of Germany, France and the UK, the three European signatories to the 2015 international treaty on Iran's nuclear program, also known as the Joint Comprehensive Plan of Action (JCPOA).

The Special Purpose Vehicle (SPV) is aimed at allowing the humanitarian trade with Iran in the face of US sanctions that were reintroduced in two phases (August, November) after Donald Trump Administration withdrew the US from the JCPOA in May 2018.

The European company, registered at the address of the French Economy and Finance Ministry in Paris, hasn't been functional yet as it's still weighing the market and banking sectors to engage in legal financial transactions.

Source: Islamic Republic News Agency IRNA

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