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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