July 27, 2020 / 7:20 AM / 19 days ago

First Swiss deal with Iran via humanitarian channel has gone through, Swiss govt says

ZURICH, July 27 (Reuters) - A Swiss pharmaceutical company has completed the first transaction under a new humanitarian trade channel with Iran, the government in Bern said on Monday.

The Swiss Humanitarian Trade Arrangement (SHTA) channel to bring food and medicine to Iran started trial operations in January, helping supply Swiss goods to the struggling population without tripping over U.S. sanctions.

“We would like to emphasise that the operationalisation of the SHTA is progressing and that a number of companies have already been approved, more companies will follow. Further transactions should be carried out shortly,” the State Secretariat for Economic Affairs said by email. (Reporting by Michael Shields; Editing by Hugh Lawson)

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