Gegli news - Germany, France, according to reports, has agreed to host the Iranian-Union trade mechanism

Gegli news - Germany, France, according to reports, has agreed to host the Iranian-Union trade mechanism - 12/9/2018 11:02:58 PM 11:02:58 PM 

France and Germany agreed to host a special vehicle for an agreement to continue trade between Iran and the European Union. The eighth week of Germany has confirmed the diplomatic circles.

 Wirtschaftswoche, referring to diplomatic circles, have agreed to agree on an EU-approved trade mechanism to facilitate trade with Iran against US sanctions, according to a German weekly newspaper.

The report says the company will be based in France and will be run by Germany.

Austria, Luxembourg and Belgium, other potential candidates were denied the fear of US aggression.

The report adds that nine countries are interested in joining a specific target vehicle, including Italy, Spain, Austria and Benelux (Belgium, Netherlands and Luxembourg).

The report says that the mechanism would be limited to the trading of humanitarian goods, such as food and medicine; however, Foreign Minister Zarib emphasized that the SPV will cover oil sales.

For Europeans, the SPV, which initially plans to act as a small entity and gaining banking permits over time, has a high political value.

"It is important for us to defend the interests of our companies and maintain our economic independence from the United States," he said.

The trade mechanism is part of the EU's efforts to encourage Iran to cope with the nuclear deal, which continues after a unilateral withdrawal from the United States in May by providing a payment channel to continue trade with Iran against US sanctions. Find out The SPV is intended to eliminate border payments, so a European exporter to Iran will be paid by a European importer from Iran.