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“In the talks that my colleagues had with representatives from the three European countries (Britain, France and Germany) and the president of INSTEX at the CBI (office) in Tehran last week, they gave a full explanation of the Iranian mechanism in line with the European mechanism,” Hemmati said late on Friday.
“We are waiting for practical measures from Europe,” the official said, adding that the Iranian mechanism known as STFI will be established in Tehran in the near future.Earlier this week, the president of the INSTEX traveled to Tehran to hold talks with senior Iranian officials on ways to make the mechanism operational.
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.
Chairman of the Board of Directors of the Association of Iran’s Rubber and Tire Producers said 80 percent of the country’s needs for tires is met by domestic producers, IRIB reported
Iranian banking system paid 380.893 trillion rials (about $780 million) of facilities to knowledge-based companies in the first two months of the current Iranian calendar year (March 20-May 21), to register an over 100 percent rise compared to the same period in the preceding year
The production of iron ore concentrate in Iran increased by 17.6 percent in the first two months of the current Iranian calendar year (March 20 -May 20), as compared to the same period in the past year, according to the data released by the Iranian Steel Producers Association (ISPA)
The head of the Iran Airports and Air Navigation Company declared that the second FlightCheck aircraft arrived in the Islamic country after the finalization of the purchasing process and officially started its operation
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