SHTA prepares to activate after US election
TEHRAN, Iran, Sept.11
The head of the Iran-Switzerland Chamber of Commerce announced that the trade channel between Iran and Switzerland, known as the Swiss Humanitarian Trade Agreement (SHTA) is prepared for more transactions after the US election.
Referring to the impact of the recent visit of the Swiss Foreign Minister, Ignazio Cassis to Iran, Sharif Nezam-Mafi, the board chairman of Iran-Switzerland Joint Chamber of Commerce said "The economic dimension of this visit is to launch and continue the activities of the Swiss Humanitarian Trade Agreement (SHTA) and solve related problems,” Trend reports citing ILNA.
“The Swiss Foreign Minister held meetings with Swiss companies in Iran and addressed their problems during his visit to Iran,” he added.
"Certainly such a trip will lead to active Swiss humanitarian channel,” he said. “At present, the channel, in agreement with the central bank, focuses on three different types of goods including cereals, medical equipment, and medicine to facilitate commercial transactions.”
He announced that the necessary coordination has been done during the Swiss Foreign Minister`s trip to increase the transactions.
The head of the Iran-Switzerland Chamber added that the "Other economic plans of this trip were addressing the problems of Swiss companies operating in Iran.”
“Its success or failure cannot be commented on and must be assessed in the long run,” said Nezam Mafi on Swiss Foreign Minister`s visit to Iran.
“The visit was done 60 days before the US election,” he said adding that “the Swiss financial channel is preparing for post-election trading.”
“Of course, if Joe Biden wins the election, our trading volume will increase, and if Mr.Trump will be elected, this financial channel could be a way for trading.”
“Therefore, this trip needed to be done, and certainly the coordination with the Central Bank and the Ministry of Foreign Affairs will help this financial channel to flourish,” he added.
Cassis took part in a three-day visit to Iran last week to strengthen ties and to mark 100 years of Swiss diplomatic presence in the capital, Tehran. It also coincides with 40 years of representing US interests in the country. Switzerland has served as an intermediary between Washington and Tehran since 1980 after the collapse of diplomatic relations between the two countries.