Following from the US Department of Treasury’s announcement of a mechanism to facilitate humanitarian trade with Iran from October 2019, the US and Switzerland have now finalised the Swiss Humanitarian Trade Agreement (SHTA) to further facilitate the flow of humanitarian goods to the Iranian people.

The SHTA includes enhanced due diligence guidelines to ensure financial institutions do not facilitate improper sanctions evasions.

“The Swiss Humanitarian Trade Arrangement will help ensure that humanitarian goods continue to reach the Iranian people without diversion by the regime,” said Secretary Steven T. Mnuchin. “We thank our Swiss counterparts for their dedicated efforts in establishing the SHTA and we look forward to our continued collaboration.”