JCPOA Parties Meet to Rescue Deal

Date: 26 February 2020 - 22:17

News ID: ۷۶۶۲۰

VIENNA (Dispatches) – The world powers that remain party to the nuclear deal with Iran expressed "serious concerns” Wednesday about Tehran’s reversal on its commitments in response to the other side’s failures, while acknowledging that time was running out to find a way to salvage it.
Wang Qun, Chinese ambassador to the United Nations in Vienna, told reporters after talks in Vienna between the parties to the deal, including Iran, that they are "racing against time to work out a specific solution so as to safeguard” the landmark 2015 agreement.
The Joint Comprehensive Plan of Action (JCPOA), as the deal is known, promises Iran economic incentives in return for curbs on its nuclear program.
Since President Donald Trump’s decision to pull the U.S. unilaterally out of the deal in 2018 and reimpose American sanctions, Iran has been expecting the remaining parties to protect its interests under the deal. However, Tehran has gradually been letting go of the deal’s restrictions because the other side — China, Russia, Germany, France and Britain — have failed to offset the American sanctions.
The Europeans in January invoked a dispute resolution mechanism, designed to resolve issues with the deal or refer them to the UN Security Council.
Iranian Deputy Foreign Minister Abbas Araqchi told reporters that Iran still remains "open to any initiative which can ensure Iran’s dividends of the JCPOA.”
"We are fully prepared to reverse the steps we have taken so far in return for the fulfillment of the other side’s commitments in the JCPOA,” he said.
In a statement following the meeting, the EU’s top official for foreign affairs, Josep Borrell, said "serious concerns were expressed regarding the implementation of Iran’s nuclear commitments under the agreement.”
Borrell who chairs the joint commission of the JCPOA, was represented at the meeting by EU official Helga Schmid.
He said that "participants also acknowledged that the re-imposition of U.S. sanctions did not allow Iran to reap the full benefits arising from sanctions-lifting.”
He also said that "all participants reaffirmed the importance of preserving the agreement recalling that it is a key element of the global nuclear non-proliferation architecture.”
Britain, France and Germany have developed a system known as INSTEX designed to facilitate