The governments of France, Germany and the UK (E3) jointly announced that “INSTEX [Instrument in Support of Trade Exchange] has successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran. These goods are now in Iran”. “INSTEX aims to provide a sustainable, long-term solution for legitimate trade between Europe and Iran as part of the continued efforts to preserve the JCPOA”, the statement added. “Now the first transaction is complete, INSTEX and its Iranian counterpart STFI will work on more transactions and enhancing the mechanism”.
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