Day by day people of Iran feel pressure of economical sanctions on their lives, economy turns to be weaker and citizens lose their purchasing power more than ever after US declared withdrawal from nuclear deal and has imposed sanctions against Iran.
Part of the sanctions banns most of countries to trade with Iran and also prohibits SWIFT (Society for Worldwide Interbank Financial Telecommunication) network by not giving credit for financial institutions in Iran so that companies in neither side of world nor in Iran would not be able to trade with each other so Iranians can hardly have access to world markets.
In the other hand European Union tries to invent new channel for supporting trade with Iran called INSTEX (instrument in support of trade exchanges) unfortunately none of European countries seemed to be able to locate this instrument in their place in order to avoid confronting with US.
The project seeks solution to provide free trade exchange all over the world like platform for countries where they can exchange goods based on the values in global market. Following matters that were described NINSTEX is located in international waters; where there is no sovereignty, therefore is nobody’s land as no state controls it. All states have the freedom of: fishing, navigation, overflight, laying cables and pipelines, as well as research, gives us advantage to locate our project in this waters.