Debates over INSTEX continue in Iran

Debates over INSTEX continue in Iran

Tehran, Iran, July 2

Trend:

While the EU has started operating Instrument in Support of Trade Exchanges (INSTEX), some of Iranian MPs oppose the trade mechanism.

Iranian MP Qasem Mirzaei Neko, who is in favor of INSTEX, discussed his views on the operation of Instrument in Support of Trade Exchanges in an interview with Trend.

"INSTEX is an economic solution to confront political issues offered by three signatory countries of Joint Comprehensive Plan of Action [JCPOA] and other EU member states," he noted.

"There have been rumors that it is not clear whether the mechanism works. Its opponents say that using the mechanism will force Iran to leave JCPOA. Given that the mechanism is money for oil in return for food and medicine, they state that Iran should not abide to it," he said.

"These is a domestic discussion over INSTEX. It took the country a long time to finally reach this solution, and now some people are asking why we are joining INSTEX," he added. "The case of INSTEX is getting similar to situation with the Joint Comprehensive Plan of Action, when the deal was also opposed in the country."

He went on to say, "Now we understand how much our diplomacy has achieved, so other governments in the world stand against Trump, and it should be a reminder of our success."

"If we do not care about the fate of INSTEX, it might end up like JCPOA. Instead of struggling with media and making public statements, officials should reach a solution. The National Security Council, Foreign Ministry and heads of three powers should make a final decision," he added.

"Iran wants Europe to buy its oil. We believe, if the financial transaction continues, INSTEX is useful," he noted. "Some say that the mechanism is only to support imports of basic goods."

"The parliament session was closed during the time of INSTEX operations, so the discussion was not finished," he said.

Subscribe to Trend in Google News! Subscribe
Turkey shares cargo traffic data for its Gemlik port in 9M2021
Turkey shares cargo traffic data for its Gemlik port in 9M2021
Turkey discloses volume of cargo shipment via its Botas port for 9M2021
Turkey discloses volume of cargo shipment via its Botas port for 9M2021
Turkey discloses data on cargo handling from Germany via local port for 9M2021
Turkey discloses data on cargo handling from Germany via local port for 9M2021
Loading Bars
Latest
Azerbaijan to increase judicial, law enforcement spending in 2022
Iran sees decrease in exports to Afghanistan
“Sustaining Peace in the Region: Rebuilding Karabakh” conference held in Baku State University (PHOTO)
Turkey ready to invest in restoration of Azerbaijan's Karabakh
Georgia releases data on COVID-19 cases for October 27
Iran's exports via Isfahan Province soar
Azerbaijan plans to increase subsidies for Nakhchivan in 2022
World Ethnosport Confederation talks rapid restoration of Azerbaijan's Karabakh
Azerbaijan to raise expenditures on education in 2022
SOFAZ to increase transfers to Azerbaijani state budget in 2022
Iranian currency rates for October 27
Azerbaijan talks funds planned for reconstruction of liberated territories in 2022
Azerbaijan unveils planned expenditures on defense and security in 2022
Indo-Pacific regional dialogue starts today with focus on maritime strategy
Roll-out of Russian Rostselmash combine assembly plant in Azerbaijan postponed due to COVID-19
Restoration work in Azerbaijan's liberated lands will only accelerate - economy minister
Azerbaijan state budget revenues forecast for 2022 unveiled
Turkey shares cargo traffic data for its Gemlik port in 9M2021
Turkmenistan launches production of import-substituting pasteurized products
Turkey discloses volume of cargo shipment via its Botas port for 9M2021
Russia cuts import of Turkish-made cement
Azerbaijan establishes commission for preparation of civil defense plan
Roscosmos plans to orbit its robotic spacewalker in 2024
Azerbaijani, Turkish MoDs meet in liberated Zangilan
Oil falls after increases in U.S. crude, fuel stockpiles
Turkey discloses data on cargo handling from Germany via local port for 9M2021
Cause of problem at Iran’s petrol stations is cyberattack - SNSC
Azerbaijan, AIIB talk co-op in ‘smart’ and ‘green’ concepts
Fuzuli airport can attract investments needed to restore prosperity in Karabakh - Bryza
UK's Sunak tries to move on from COVID with new spending plans
U.S. considering adding Israel, Romania, Bulgaria to visa waiver program
Bahrain approves Sinopharm vaccine for children aged 3 to 11
Hamburg welcomes 1st China-Europe freight train from Shanghai amid logistics tension
Iran, Pakistan call for closer ties, vow to help Afghanistan
EU energy ministers discuss power price surge
U.S. FDA advisers back Pfizer/BioNTech COVID-19 vaccine for children
Pension Fund announces average pension rate in Uzbekistan
I am absolutely sure that Turkey and Azerbaijan, as two brotherly countries, will continue to move forward together - President Aliyev
German President presents Angela Merkel with resignation papers
Kazakh ambassador hails Iran’s role in SCO
Chronicles of Victory: October 27, 2020
Fuzuli International Airport to unbreakably connect Karabakh with Azerbaijan - Turkish official
Georgian PM, Estonian Defense Minister discuss military cooperation
Turkey will continue with all its capabilities to support fraternal Azerbaijan - Erdogan
Turkish President Recep Tayyip Erdogan completes official visit to Azerbaijan
Not every politician can achieve rapid development in short time in territories liberated from occupation - Erdogan
In two weeks, we will celebrate liberation of Shusha as great Victory Day - President Aliyev
Biden heads to G20 to talk energy prices, supply chain woes
President Aliyev names visit of President Erdogan to Azerbaijan example of true brotherhood
Day will come when we will be able to travel from Zangazur to Istanbul - Erdogan
You are going to Armenian border, aren't you? You will go further - Turkish president
If Armenia shows goodwill towards Azerbaijan, there will be no obstacles to normalization of relations between Turkey and Armenia - President Erdogan
Turkey and Azerbaijan as two fraternal countries always next to each other – President Aliyev
Joint steps of Azerbaijan and Turkey will forever remain in history - President Aliyev
Shusha Declaration declaration officially raised Azerbaijani-Turkish relations to level of alliance - President Aliyev
Presidents of Azerbaijan and Turkey make press statements (PHOTO/VIDEO)
Georgian GDP continues its robust recovery – Renaissance Capital
President Erdogan presents President Aliyev with 'Kharibulbul' image watch (PHOTO/VIDEO)
Presidents of Azerbaijan and Turkey hold one-on-one meeting in Zangilan (PHOTO/VIDEO)
Russia to supply Turkmenistan’s Turkmengaz with pipes
Iran facing problems at filling stations
Azerbaijan increases propylene production in 9M2021
Azerbaijani, Turkish presidents view works done under “smart village” project in Zangilan (PHOTO/VIDEO)
Uzbekistan reveals data of foreign investment in mining industry
Uzbekistan, Singapore to co-op for humanitarian programs and projects
GM to boost EV profile with 40,000 charging stations in U.S., Canada
First Vice-President Mehriban Aliyeva posts photos from Aghali village, Zangilan district on her Instagram page (PHOTO)
Russia, UAE ink inter-governmental space exploration deal
Georgia plans to renovate its Airports Association
U.S. home price growth slowed in August- S&P Case-Shiller
Kazakhstan counts on international experience on operating nuclear power plants
Bahar Azadi gold coin price dips in Iran
Engineering work in Azerbaijan's liberated lands continues - MoD (PHOTO/VIDEO)
Uzbekistan's GDP grows in 9M2021
Kazakhstan sees decrease in production of iron ores
Kazakhstan’s Energy Ministry comments on Marine Access Channels project
Iran keen to increase Methanethiol production
Webinar on Engineering products organised by the Embassy of India (PHOTO)
Iran plans to develop Chaharmahal Bakhtiari Province
Azerbaijan becomes largest diesel supplier to Georgia
Bahrain approves Sinopharm vaccine for children aged 3-11
Official welcome ceremony held for Turkish President Recep Tayyip Erdogan in Aghali village, Zangilan district (PHOTO/VIDEO)
Israeli co Emtan to provide Spanish police with 9,120 pistols
Iran boosts its TEU container transit via Shahid Rajaee port
Iran issues loans to several enterprises
Azerbaijan talks provision of Internet to inaccessible areas
Turkmen Khazar Consortium opens tender for chemicals
Opening of Fuzuli Int’l Airport to speed up investment, social dev’t of Azerbaijan’s Karabakh - Israeli expert
President Ilham Aliyev and President Recep Tayyip Erdogan lay foundation for “Dost Agropark” in Zangilan (PHOTO/VIDEO)
Kazakhstan increases cargo transportations volumes via maritime
Turkmen company to purchase chemical products via tender
Azerbaijani products on display at int'l exhibition in China (PHOTO)
Turkey unveils number of ships docking at Iskenderun port
India, UK take part in joint exercise Konkan Shakti 2021
Fitch Ratings unveils long-term IDR of Astana Gas KMG
TDB and ICD sign MoU to support private sector investment in common African member states
Georgia shares its TOP-5 fuel exporters
Kazakhstan provides transit corridor for Afghan women
Iran’s West Oil & Gas Production Company prevents declining gas production
Iran’s Tejarat Bank provides loans related to coronavirus
All news