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IRAN NUCLEAR DEAL: EU LAUNCHES DISPUTE MECHANISM

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.
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September 2022
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