Iran nuclear deadline extended to next year: British FM - 6,
A fresh, interim nuclear deal has been reached between world powers and Iran, with a new deadline set for June 30th next year. Britains Foreign Secretary Philip Hammond said Sunday that...
By: ARIRANG NEWS
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Iran nuclear deadline extended to next year: British FM - 6, - Video
Paris High-stakes talks on Irans nuclear program ended todaywithout a deal. But for the European Union, the agreement to extend talks and set new deadline may mark a turning point for its young foreign policy arm an entity that many had dismissed as ineffective.
Critics have considered the European External Action Service (EAS), launched in 2011, to be just another layer of EU bureaucracy. Individual member states really run the foreign policy show, they argue, as has been apparent with the Ukraine crisis.
But on Iran, the EU has spoken with one voice.And, its supporters argue, it has the opportunity to prove its worth by accomplishing things that individual countries could not.
"Europe should really use [the extension in negotiations] to make a worthwhile case, that the EAS has an added value that national foreign services cannot do," says Cornelius Adebahr, a European foreign policy expert at the Carnegie Endowment for International Peace. "[The Iran case] can set a prime example of what the EU could be doing."
Europe has played a leading role in Iran negotiations since 2003. Faced with the disclosure at the time of a secret Iranian nuclear program, and fears that the US could strike Tehran after having invaded Iraq, Europe rushed to find a diplomatic solution. Britain,France, and Germany the "EU3" launched an initiative to defusepossibilityof another war in the Middle East.
But it was an EU, not just individual, effort from the start, led by Javier Solana, then the secretary general of the Council of the European Union. By2011, the EAS gave an official diplomatic corps to the EU, with Catherine Ashton as its first high representative and Europe's face on Iran.
The "EU3" allowed the EU to drive negotiations. That has not been the case in dealings with Russia, where business interests and oil dependency have trumped EU cohesion on sanctions.
"Because Russia is such a divisive issue, it was easier to come to a sense of unity on Iran than it has been on Russia," says Mr. Abebahr, a German who consults for several German businesses and institutions.
EU sanctions on Iran have roiled some ties in Europe, too, with several countries accused ofwaveringbecause of business interests. And Francesparkeda riftlast year on the other side of the spectrum, when Foreign Minister Laurent Fabius was called out for pushing harder on Iran than the rest of the group though it endeared him briefly toAmerican hawkswho were wary of a soft deal for Iran.
"What is sure is France's position has changed, from playing an 'anti' role to consensus," says Thierry Coville, an Iran expert at the Institute for International and Strategic Relations in Paris. "They see, as does everyone, that there is an opportunity [for a solution]. They do not want to spoil the situation."
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Iran nuclear talks: EU diplomacy finds a stronger voice (+video)
Secretary of State John F. Kerry said Monday that diplomats have given themselves an additional seven months to reach a comprehensive nuclear agreement, though talks in Vienna have made real and substantial progress. (Reuters)
VIENNA World powers and Iran agreed Monday to extend negotiations over Irans nuclear program for up to an additional seven months after they failed in a last-minute push to conclude a broad deal by a midnight deadline.
Negotiators framed the extension as a chance to build on momentum achieved during a year of talks and said an interim agreement will continue to restrain any attempt by Iran to develop a nuclear weapon.
But the failure to reach a permanent accord also opened the door to a renewed effort by congressional Republicans who will assume control of the Senate in January to pressure Iran with stepped-up economic sanctions, measures that the Obama administration has long argued could scuttle the possibility of a permanent deal.
During a news conference here, Secretary of State John F. Kerry vowed to brief lawmakers fully, saying he believed we have earned the benefit of the doubt.
Real and substantial progress was made, particularly during the past several days of near round-the-clock talks here to close remaining gaps between the two sides, Kerry said. He acknowledged that significant points of disagreement remain.
These talks are not going to get any easier just because we extend them, he said. Theyre tough.
The extension is the second since the interim agreement was reached a year ago. That deal limits the number of centrifuges Iran can operate to enrich uranium essentially preventing any new ones from coming on line and restricts the level of enrichment to far below levels that would be needed to develop a nuclear weapon. Iran gave up its stockpile of uranium enriched to high levels and agreed to enhanced international inspections to ensure compliance. The interim deal also freed some frozen Iranian assets and provided limited relief from sanctions.
The new extension keeps those terms in place. It imposes no new restraints on Irans nuclear program and gives Iran no additional relief from sanctions. It will continue to thaw a relatively modest amount of Irans frozen assets, which British Foreign Secretary Philip Hammond estimated at about $700 million a month.
Kerry declined to specify the remaining gaps in the talks, which are said to center on the number of centrifuges Iran is allowed to permanently operate and the level of permitted enrichment, as well as on new levels of inspection, especially on military aspects of Iranian technology.
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Iran nuclear talks extended for 7 months amid impasse ahead of deadline
TEHRAN, Nov. 25 (UPI) -- Potential trading partners can rest easy about the investment environment in Iran despite sanctions pressure, the Iranian economics minister said Tuesday.
Some of Iran's trading partners have shied away from doing business with the Islamic republic because of sanctions targeting an economy that depends heavily on oil and gas revenues. Iranian Minister of Economic Affairs and Finance Ali Tayyebnia said from Tehran there should be no apprehension about trading with Iran.
"Iran is among the safest countries for (foreign) investment," he said.
Iran under the terms of a November 2013 agreement with six world powers working to resolve the nuclear impasse can export around 1 million barrels of oil per day. Monday's announcement that negotiators couldn't broker a comprehensive agreement left a question mark over Iran's energy-dependent economy.
Sanctions relief for Iran has been less valuable than expected, according to analysis from Bloomberg News. It found Iran brought in $2 billion less in cash and non-oil exports in the first six months of the year than anticipated by White House officials.
For oil products, Iran earned $5.6 billion more than it had year-on-year, but that money is isolated from Iran because of U.S. sanctions.
Iranian officials said Monday from Vienna some of the frozen funds may be released on a monthly basis as part of an extended relief package.
Iranian President Hassan Rouhani said Monday continued sanctions pressure against Iran would not "yield any fruit" for its nuclear negotiating partners. Russia, an Iranian economic ally and party to multilateral nuclear talks, has said it would work unilaterally to expand its trade relationship with Iran.
Iran said it plans to roll out new terms for oil contracts in the country during a February investment conference in London.
The new contract proposal would do away with buy-back contracts, where Tehran agrees to pre-set price, and replace them with a joint venture system, where international companies would be paid with a share of the output.
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Iran offers assurances to trading partners
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