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A new mechanism will be set up to facilitate legitimate trade for European companies wishing to do business with Iran in order to ensure the full and effective implementation of the Iran deal. The decision came following a meeting of the Foreign Ministers of China, France, Germany, the Russian Federation and United Kingdom in New York chaired by High Representative Federica Mogherini.

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Remarks by High Representative/Vice-President Federica Mogherini following a Ministerial Meeting of E3/EU + 2 and Iran

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