The German Federal Foreign Office confirmed that the first transactions between Europe and Iran has successfully been concluded through the Instrument in Support of Trade Exchanges (INSTEX). A European payment system set up by Germany, France and the UK for trade with Iran, INSTEX has been designed to circumvent US …
Read More »Iran’s Economic Growth Positive despite Sanctions
Iranian President Hassan Rouhani said the domestic economy has reflected a positive and growing trend in the oil and non-oil sectors in the current Iranian calendar year (started in March 2019), despite intensified US pressures on the country. Speaking on the sidelines of a cabinet meeting in Tehran on Wednesday, …
Read More »US-Japan Trade Deal Hits Snag as Tokyo Seeks Assurances on Car Tariffs
A US-Japan trade deal hit a last-minute snag as Japanese officials sought assurances that the Trump administration will not impose national security tariffs on Japanese-built cars and auto parts. people familiar with the talks said.
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