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Europe’s Trade Mechanism Augurs Well for Economy

Europe’s Trade Mechanism Augurs Well for Economy Europe’s Trade Mechanism Augurs Well for Economy

The launch of a European financial mechanism to secure trade with Iran and evade US sanctions was an “important” and “positive” step, a senior lawmaker said, criticizing efforts to dampen hopes for an economic breakthrough. 
“Unfortunately, certain groups inside the country are seeking to cause a sense of frustration in the economic sector, while INSTEX provides enough solutions to help improve the country’s economic conditions,” Heshmatollah Falahatpisheh, chairman of Majlis National Security and Foreign Policy Commission, told ICANA in remarks published on Sunday.
INSTEX refers to the Instrument in Support of Trade Exchanges recently put in place by France, Germany and Britain, which will allow Europe to continue humanitarian trade with Iran and uphold what is left of the Joint Comprehensive Plan of Action, commonly known as the Iran nuclear deal.   

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