IRAN – IAEA NUCLEAR AGREEMENT
- In 2015, Iran with the P5+1 group of world powers – the USA, UK, France, China, Russia, and Germany agreed on a long-term deal on its nuclear programme.
- The deal was named as Joint Comprehensive Plan of Action (JCPOA) and in common parlance as Iran Nuclear Deal.
- Under the deal, Iran agreed to curb its nuclear activity in return for the lifting of sanctions and access to global trade.
- The agreement allowed Iran to accumulate small amounts of uranium for research but it banned the enrichment of uranium, which is used to make reactor fuel and nuclear weapons.
- Iran was also required to redesign a heavy-water reactor being built, whose spent fuel could contain plutonium suitable for a bomb and to allow international inspections.
- In May 2018, the USA abandoned the deal criticising it as flawed and reinstated and tightened its sanctions.
- Since sanctions were tightened, Iran has been steadily breaking some of its commitments to pressure the remaining signatories to find a way to provide sanctions relief.
- The USA held that it would attempt to force all countries to stop buying Iranian oil and put pressure on Iran to negotiate a new nuclear accord.
In 2018, an International Atomic Energy Agency’s report concluded that Iran’s stockpile of uranium and heavy water, as well as its implementation of additional protocols, were “in compliance” with the agreement.
What is the news : The UN nuclear watchdog and Iran have agreed to extend an understanding to monitor Tehran’s activities by one month, the agency said on Monday, while talks in Vienna try to save the 2015 nuclear deal.
International Atomic Energy Agency
- About: 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.
- Establishment: 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.
- Objective: 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.
- Functions: It is an independent international organization that reports annually to the United Nation General Assembly. When necessary, the IAEA also reports to the UN Security Council in regards to instances of members’ non-compliance with safeguards and security obligations.