Final Nuclear Deal Reached Between Iran and the International Community

On July 14, 2015, the P5+1 (China, France, Russia, the United Kingdom and the United States (US), plus Germany), the European Union (EU), and Iran announced the “Joint Comprehensive Plan of Action” (JCPOA) regarding the Islamic Republic of Iran’s nuclear program. This is the final text agreed upon between the parties through which Iran agrees to curtail its nuclear program significantly to ensure peaceful civilian use and reaffirms that it will not seek, develop or acquire any nuclear weapons.

In return, and upon verification that Iran is abiding by the terms of the deal, the United Nations (UN), the EU and the US have agreed to provide Iran with relief from certain nuclear-related sanctions. This relief will be provided through a step-by-step approach based on the fundamental premise that no sanctions will be lifted until the International Atomic Energy Agency (IAEA) verifies that Iran has implemented certain agreed-upon nuclear related measures. Consequently, expected sanctions relief under the JCPOA will not be provided immediately or by a date certain. As a next step, the UN Security Council must first adopt a resolution endorsing the JCPOA (with a proposal expected to be submitted by the JCPOA participants “within the next few days”)...

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