EU launches nine-point economic plan to rescue Iran nuclear deal

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    Foreign ministers from France, Germany and UK, along with Iran’s foreign minister, have agreed on a nine-point economic plan to keep the Iran nuclear deal alive.

    Meeting in Brussels on Tuesday, the minister rushed to discuss alternative solutions after US President Donald Trump on May 8 withdrew from the deal, vowing to impose tough economic sanctions against Tehran.

    “There was awareness of the urgency,” Federica Mogherini, European Union‘s foreign policy chief, said after the meeting.

    Heiko Maas, Germany’s foreign minister acknowledged that the process to resolve the issues surrounding the US withdrawal would not be easy.

    “If we want to stay in this agreement and ensure that Iran stays in this agreement and abides to the terms of the agreement, then we need to talk about this,” he said.

    Prior to the meeting, Boris Johnson, UK’s foreign secretary, said that “the UK and our European partners continue to view the nuclear deal as vital for our shared security, and remain fully committed to upholding it”.

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    Signatories of the 2015 deal stated that the inaugurated strategy is expected to produce “practical solutions in the next few weeks” through tackling financial concerns such as business, banking transactions and oil threats.

    Mohammad Javad Zarif, Iran’s foreign minister, said collaboration with the EU was on the right track.

    “I believe it’s a good start. We’re not there, we’re beginning the process,” he told journalists after the meeting.

    Mogherini confirmed that deputy foreign ministers from the three European nations and Iran would meet in Vienna next week for an “experts talk.”

    View the original article: https://www.aljazeera.com/news/2018/05/eu-launches-point-economic-plan-rescue-iran-nuclear-deal-180516080329753.html

    The proposals will address nine key financial areas, including maintaining economic ties with Iran, continuing Iran’s ability to sell oil and gas products and protecting EU companies doing business in Iran.

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