Head of the Iran-Switzerland Joint Chamber of Commerce says with a new government in the United States "sensitivities" toward the Iran-Switzerland financial channel has declined.
The trade channel, known as the Swiss Humanitarian Trade Arrangement (SHTA), was designed to facilitate food and medicine trade with Iran.
It started trial operations in January 2020, helping supply Swiss goods to Iran without violating Donald Trump’s economic blockade against Iran. However, in essence it was a non-starter seemingly due to the US sanctions.
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