Iran Threatens To Follow North Korea And Withdraw From Nuclear Treaty

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Special EU channel to allow trade with Iran, circumvent US sanctions is now operational – statement

A special trade channel that will allow European firms to bypass American sanctions on Iran has come as result of the meeting between the countries who singed the nuclear deal ditched by US.

The EU called the Joint Comprehensive Plan of Action (JCPOA) a “key element of global nuclear non-proliferation.”

The trade mechanism, dubbed Instex, was announced operational by French, British and German officials on Friday at a joint meeting between signatories to the nuclear deal, known formally as the JCPOA.

Joint Statement on Support for the JCPOA
Diplomatic statement | 28-06-2019

Austria, Belgium, Finland, the Netherlands, Slovenia, Spain, Sweden attach the utmost importance to the preservation of the Joint Comprehensive Plan of Action (JCPoA), signed by Iran and unanimously endorsed by the UN Security Council, as a key instrument for the non-proliferation regime and a major contribution to stability in the region.

Aware of the difficulties to implement the economic part of the agreement, we are working with France, Germany and the United Kingdom, as well as with the European External Action Service and the European Commission, to establish channels to facilitate legitimate trade and financial operations with Iran, one of the foremost of these initiatives being the establishment of Instrument in Support of Trade Exchanges (INSTEX).

In that context, it is crucial for the Islamic Republic of Iran to abide by and fully respect the terms and provisions of the nuclear agreement.