The IAEA has been forced to retract its allegation, made in March, that Iran was not being transparent with its nuclear activities. The IAEA head, Yukiya Amano appears to have a special aversion towards Iran but he had to eat crow when the IAEA April report admitted that Iran is fully compliant. Negotiators from Iran and the P5+1 group of countries are meeting in Vienna to finalize the deal by June 30.
Saturday April 25, 2015, 10:39 DST
As Iran and P5+1 representatives resumed negotiations in Vienna on April 22 to begin drafting the final agreement, a United Nations monthly has confirmed Iran’s compliance with the terms of its agreement. The report published this month and compiled by the International Atomic Energy Commission (IAEA), confirms Iran’s compliance with its UN agreements for enriching uranium.
The report states that Iran is not enriching uranium beyond a fissile concentration of 5 percent. It further states that Iran has not made any significant changes in its activities at its two enrichment sites. In short, the report concludes that Iran is complying with all of the conditions it signed with the P5+1 group of countries in November 2013. The group comprises the US, UK, France, Germany, Russia and China.
Iran’s agreement to voluntarily limit uranium enrichment was in exchange for easing of some economic sanctions, especially unfreezing of some of its oil income. The IAEA report will enable Iran to work out a nuclear agreement on June 30 where it can keep its nuclear framework but also expand its trade in the wake of the lifting of sanctions. In its report of March 2015, the IAEA had resorted to fear mongering, warning “Iran has carried out activities that are relevant for the explosion of a nuclear device.”
In the April report, the IAEA was forced to recant its allegations and declare that Iran is indeed a compliant state. In the March report, IAEA head Yukiya Amano had said Iran was not providing sufficient information about the military uses of its technology.
Under the November 2013 interim accord, Iran had to give proof to UN officials that it was complying with the conditions it had agreed to in order to keep its nuclear infrastructure intact. In return, the US and its European allies have to lift a raft of sanctions imposed by the US Congress, the UN or through presidential executive orders.
Western media outlets point to a flurry of news on increased prospects for US companies to do business with the Iranian consumer base. An April 24 article in Quartz magazine titled “The consumer is Shah: If sanctions are lifted, here is what trade between the US and Iran would look like” described the profits that the US could make in trade with the second largest economy of the Middle East.
“As negotiators from Iran and the world’s six major powers work to finalize a nuclear deal by June 30, businesses are investigating their prospects in Iran. An agreement that lifts even some of the sanctions might, over time, allow American firms access to a consumer rich market.”
The article also noted that Iran’s population, third largest in the region behind Egypt and Turkey, is also well educated and has a taste for luxury goods. The increasing volume of such articles suggest that the US is indeed thinking seriously about hammering out a nuclear deal with Iran on June 30 that will remove the illegal sanctions against Iran and open up business relations with the world.