Why in news?
EU Launces dispute mechanism, Britain, France and Germany ratcheted up pressure on Iran on 14th January to cease its violations of a landmark nuclear deal, stressing that they want to resolve differences through talks.
More about EU dispute resolution mechanism
- Under JCPOA dispute resolution mechanism by EU, countries have 30 days to resolve their problem, though that can be extended.
- If it cannot be solved, the matter could be brought before the UN Security Council and could then result in the snapback of sanctions that had been lifted under the deal.
Background
- EU Launces dispute mechanism, The 2015 nuclear deal, known as the Joint Comprehensive Plan of Action, or JCPOA, seeks to prevent Iran from producing a nuclear weapon — something Iran insists it does not want to do — by putting curbs on its atomic programme in exchange for economic incentives.
