The managing director of Iran\u2019s Special Trade and Finance Instrument for trade with Europe (STFI), called SATMA in Persian, said the company is moving into the trial phase and is ready to operate in coordination with INSTEX.<\/p>\n
As reported by the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the official said that the company is currently trying to test the export and import payment and transfer channels.<\/p>\n
\u201cIn the first phase, some traders who are directly exporting to Europe have been asked to conduct their business through SATMA,\u201d he added.<\/p>\n
The official further noted that since the establishment of Iran\u2019s mirror company for INSTEX, all necessary measures have been taken for total compliance with international standards.
\nLast week, Nouri had announced that with the establishment of the coordinating company to INSTEX, now the ball is in Europe\u2019s court to make it operational.<\/p>\n
Rejecting the idea that implementation of EU\u2019s trade mechanism has been postponed due to some issues related to the Iranian side, Nouri stressed that according to the agreements, Iran is not in charge of taking measures to implement INSTEX and whatever has been done sought to facilitate the procedure for the European side and has been an aid to them.<\/p>\n
\u201cIran\u2019s STFI was established to ease INSTEX implementation and if the financial instrument is decided to become operational as of today, there will be no problem with getting it operational in Iran,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The managing director of Iran\u2019s Special Trade and Finance Instrument for trade with Europe (STFI), called SATMA in Persian, said the company is moving into the trial phase and is ready to operate in coordination with INSTEX. As reported by the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the official said that the company is currently trying to test the export and import payment and transfer […]<\/p>\n","protected":false},"author":4,"featured_media":3421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n