Iran Wants EU Banking Channel for Humanitarian Trade

President of the Instrument in Support of Trade Exchange (INSTEX) recently conferred with economic and business authorities in Tehran on ways to remove barriers to launching the long-awaited European trade mechanism.  
In a talk with IBENA, Ferial Mostofi, head of Investment Commission at Iran Chamber of Commerce, Industries, Mines and Agriculture shared details of her meetings with the German official and INSTEX boss, Per Fischer.   
Their talks focused on the need for a banking channel to handle humanitarian transactions with Iran and the   export of Iranian oil to the 27-nation bloc for the purpose of paying Iran’s import bills to the European Union.