iranian embassy: I would like to welcome the registration of INSTEX, the long overdue first step by the E3 to implement their May 2018 commitment to save JCPOA Joint Comprehensive Plan of Action said Keshavarz-Zadeh at the celebration of the upcoming 40th national day of Iran at the Iranian Embassy in Beijing, according to Global Times China. He said that although Iran has the legitimate right to quit its commitments under the nuclear deal, Iran has responded positively and stuck to the terms of the deal to show its maximum flexibility and true belief in diplomacy rather than confrontation. Photo Li Sikun/GT Iranian ambassador to China Mohammad Keshavarz-Zadeh hailed the registration of the Instrument for Supporting Trade Exchanges INSTEX on Friday after France, Germany and the UK announced the new mechanism for facilitating legitimate trade with Iran to bypass US sanctions. The Chinese Foreign Ministry spoke highly of the efforts made by EU countries in upholding the JCPOA and supported the creation of INSTEX. This shows that the European side is determined to safeguard multilateralism. The French, German and British foreign ministers on Thursday issued a joint statement on the creation of INSTEX. INSTEX will support legitimate European trade with Iran, focusing initially on the sectors most essential to the Iranian population, such as pharmaceutical, medical devices and agricultural goods. China firmly supports their efforts in sustaining cooperation with Iran, getting INSTEX up and running at an early date, and keeping it open to third parties to promote normal economic and trade cooperation between the international community and Iran, Chinese foreign Ministry spokesperson Geng Shuang said on Friday.
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