Founding Statement from E3
Joint statement on the creation of INSTEX, the special purpose vehicle
aimed at facilitating legitimate trade with Iran in the framework of the efforts
to preserve the Joint Comprehensive Plan of Action (JCPOA)
Joint statement by the E3 Foreign Ministers
Jean-Yves Le Drian (France), Heiko Maas (Germany), Jeremy Hunt (United Kingdom)
The creation of INSTEX is a major first step taken by E3 countries today. The operationalisation of INSTEX will follow a step-by-step approach:
- The E3 together with INSTEX will continue to work on concrete and operational details to define the way the company will operate.
- The E3 will also work with Iran to create an effective and transparent corresponding entity that is required to be able to operationalise INSTEX.