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Written question asked by Marquess of Lothian (Conservative) on Monday, 10 December 2018, in the House of Lords. It was due for an answer on Monday, 24 December 2018. It was answered by Baroness Fairhead (Conservative) on Monday, 17 December 2018 on behalf of the Department for International Trade.


EU External Trade: Iran

Question

To ask Her Majesty's Government what progress has been made in agreeing the European Union’s proposed Special Purpose Vehicle to facilitate trade with Iran and to retain some of the sanctions relief provided by the Joint Comprehensive Plan of Action.

Answer

Her Majesty’s Government is undertaking extensive discussions with the other members of the E3 (France and Germany) and the European Union to finalise the technical details of the Special Purpose Vehicle (SPV). The E3/EU are committed to making every effort possible to deliver the SPV to secure banking channels and maintain sanctions relief to Iran.


Secondary information

Type
Written question
Reference
HL12161
Session
2017-19
Subjects
EU external trade Sanctions Iran
Link
View this Written question on www.parliament.uk