The Joint Comprehensive Plan of Action – JCPOA, an agreement signed in 2015 by seven parties, including the United States, aimed to ease economic sanctions imposed on Iran in exchange for a reduction in Iran`s nuclear capabilities. Sanctions facilitation included access to humanitarian goods such as agricultural goods, food, medical care and pharmaceuticals. The provisions of such a product have not been sanctioned under certain conditions since the entry into force of the JCPOA. Bern, 27.02.2020 – On 27 February, the Swiss Humanitarian Trade Arrangement (SHTA) entered into force, a payment mechanism for the transport of humanitarian goods to Iran. Shta was developed by Switzerland in close cooperation with the competent authorities in the United States and Iran, as well as with certain Swiss banks and companies. Shta is available to Swiss companies in the food, pharmaceutical and medical sectors. www.reuters.com/article/us-swiss-iran/first-swiss-deal-with-iran-via-humanitarian-channel-has-gone-through-swiss-government-idUSKCN24S0MV?feedType=mktg&feedName=worldNews&WT.mc_id=Partner-Google companies under Swiss jurisdiction can contact the State Secretariat for Economic Affairs (SECO) under SHTA@seco.admin.ch for more information on the requirements and instructions for participation in the SHTA. These include companies owned or controlled by US and third-country nationals residing in Switzerland. The parties may continue to use existing derogations and authorizations to carry out humanitarian exchanges with Iran outside the humanitarian channel. These de facto barriers were reinforced in May 2018, when the U.S. withdrew from the JCPOA and reinstated some secondary sanctions applicable to non-U.S. companies that transact on U.S.

products, dollars, or other touchpoints. Although humanitarian goods remain exempt from the new sanctions, banks have since completely withdrawn from all activity with Iran. A humanitarian aid channel that allows Swiss-based companies to send medicines and other vital goods to Iran, despite US sanctions, has come into operation. But while other countries have severed diplomatic relations, Switzerland has always had a policy of “talking to all countries,” as former Swiss State Secretary for Foreign Affairs Pascale Baeriswyl put it last year swissinfo.ch. Switzerland also represents the diplomatic interests of the United States and Saudi Arabia in Iran, as well as Iran in Saudi Arabia and Canada. “In view of the centenary of Switzerland`s diplomatic presence in Iran, we talked about bilateral affairs, the pandemic and our agreement for the export of humanitarian goods,” she tweeted. On 20 January 2020, the Federal Council approved the Humanitarian Trade Agreement (SHTA), which entered into force on 27 February 2020. The agreement provides a limited number of Swiss banks and companies with a secure legal framework, in particular from the US Treasury, for financing transactions with controlled Iranian buyers of humanitarian goods. The parties concerned receive enhanced assurances on compliance with existing sanctions rules. This assurance will take the form of a “statement of consolation” from the US Treasury, intended to strengthen the confidence of the parties that the envisaged activities will not be sanctions on the object of the United States.

Bern, 30.01.2020 – The Swiss Humanitarian Trade Arrangement (SHTA), a payment mechanism that allows the delivery of humanitarian goods to Iran, is about to be implemented. . . .