News story

INSTEX successfully concludes first transaction

The E3 confirm that INSTEX has successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran.

• From: Foreign & Commonwealth Office
• Published: 31 March 2020

This was published under the 2019 to 2022 Johnson Conservative government

France, Germany and the United Kingdom (the E3) confirm that INSTEX has successfully concluded its first transaction, facilitating the export of medical goods from Europe to Iran. These goods are now in Iran.

INSTEX aims to provide a sustainable, long-term solution for legitimate trade between Europe and Iran as part of the continued efforts to preserve the JCPOA.

Now the first transaction is complete, INSTEX and its Iranian counterpart STFI will work on more transactions and enhancing the mechanism.

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Published 31 March 2020