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DAILY NEWS ANALYSIS

  • 02 March, 2021

  • 5 Min Read

Iran Nuclear Deal- Joint Comprehensive Plan of Action

Iran Nuclear Deal- Joint Comprehensive Plan of Action

Iran Nuclear Deal- Joint Comprehensive Plan of Action

  • Commonly called the Iran nuclear deal is an agreement on the Iranian nuclear program reached in Vienna in 2015.
  • It was signed between Iran and the P5+1 (China, France, Russia, United Kingdom, United States—plus Germany) together with the European Union.
  • Under JCPOA, Iran agreed to eliminate its stockpile of medium-enriched uranium, cut its stockpile of low-enriched uranium by 98%, and reduce by about two-thirds the number of its gas centrifuges for 13 years.
  • For the next 15 years Iran will only enrich uranium up to 3.67%. Iran also agreed not to build any new heavy-water facilities for the same period of time.
  • Uranium-enrichment activities will be limited to a single facility using first-generation centrifuges for 10 years.
  • To monitor and verify Iran’s compliance with the agreement, the International Atomic Energy Agency (IAEA) will have regular access to all Iranian nuclear facilities.
  • The agreement provides that in return for verifiably abiding by its commitments, Iran will receive relief from U.S., European Union, and UNSC nuclear-related sanctions.

About IAEA

  • Widely known as the world’s “Atoms for Peace and Development” organization within the United Nations family, the IAEA is the international centre for cooperation in the nuclear field.
  • The IAEA was created in 1957 in response to the deep fears and expectations generated by the discoveries and diverse uses of nuclear technology.
  • Headquarter: Vienna, Austria.
  • The Agency works with its Member States and multiple partners worldwide to promote safe, secure and peaceful use of nuclear technologies.
  • In 2005, it was awarded the Nobel Peace Prize for their work for a safe and peaceful world.
  • It is an independent international organization that reports annually to the United Nations General Assembly.
  • When necessary, the IAEA also reports to the UN Security Council in regard to instances of members’ non-compliance with safeguards and security obligations.

Source: TH


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