Young Journalists Club | Latest news of Iran and world

News ID: 45038
Publish Date: 19:39 - 01 February 2020
Tehran 1 February _A senior trade official in Switzerland has said that the country’s newly-launched financial channel meant to bring humanitarian items to Iran would guarantee that Tehran receives some of the badly-needed medicines whose delivery have been hampered by the American sanctions on the country.

Swiss official hails newly-launched humanitarian channel with IranTEHRAN, Young Journalists Club(YJC)_Erwin Bollinger, a senior official at Swiss State Secretariat for Economic Affairs (SECO), said in remarks published on Saturday that many companies and businesses have declared their readiness to engage in trade of humanitarian data-x-items with Iran since the Swiss channel was launched earlier this week.

The Swiss Humanitarian Trade Arrangement (SHTA) was launched on Thursday with a first trade for delivery of cancer and organ transplant drugs to Iran worth 2.3 million euros ($2.54m).

Reports have suggested that the transaction was processed via Swiss lender Banque de Commerce et de Placements (BCP) using credits belonging to the Central Bank of Iran (CBI).

Bollinger told Iran’s official IRNA agency that there was no cap on the size and volume of SHTA transactions and that Switzerland had finalized the details of the mechanism with US authorities.

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