U.S., Swiss Formally Open Humanitarian Trade Channel to Iran

February 27, 2020

Author: 

Ian Talley and Benoit Faucon

Publication: 

The Wall Street Journal

Related Country: 

  • Switzerland
  • United States

The United States and Switzerland launched a humanitarian trade channel for companies to provide medical supplies, agricultural goods, and basic necessities to Iran without the risk of violating U.S. sanctions. By vetting deals, the governments aim to remove uncertainty and reassure companies that have been hesitant to do business with Iran. The United States hopes Iran will reciprocate the move by releasing five American detainees.