News ID: 230650
Published: 1048 GMT September 01, 2018

Iran, Britain discuss economic cooperation after US JCPOA pullout

Iran, Britain discuss economic cooperation after US JCPOA pullout
Iranian Deputy Foreign Minister Abbas Araqchi (2nd R) and visiting Junior British Foreign Minister Alistair Burt (1st L) are seen at the Iranian Foreign Ministry, Tehran, September 1, 2018. (Photo by Tasnim News Agency)

Iranian Deputy Foreign Minister Abbas Araqchi and visiting British Junior Foreign Minister Alistair Burt held talks in Tehran centering on the aftermath of the United States withdrawal from the 2015 nuclear deal with the Islamic Republic.

“The talks mainly covered economic cooperation and mechanisms of financial and monetary dealings between the two countries after the US withdrawal from the nuclear accord,” Iran’s television report said.

The two sides also discussed regional developments, it added.

Burt, who is Britain’s minister of state for the Middle East and North Africa, is the first British minister who is visiting Tehran after the decision by US President Donald Trump to withdraw Washington from the Iran nuclear deal.

The US quit the 2015 deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), despite being legally bound by it after it was signed into a UN Security Council resolution.

The US has also reintroduced the sanctions that had been envisaged to be lifted under the JCPOA.

The UN, the European Union, which coordinated the talks leading to the agreement, and other signatories to the accord, namely the UK, France, Russia, China, and Germany had all warned Washington against taking the move. All consider the JCPOA to be a historical agreement and a pillar of regional and international peace and security.

In a statement before his visit, Burt echoed London's assertion to remain committed to the Iran nuclear deal, saying, "As long as Iran meets its commitments under the deal, we remain committed to it as we believe it is the best way to ensure a safe and secure future for the region."

Iran, whose commitment to the JCPOA has always been verified by the UN nuclear agency, has, however, sought Europe to offer it financial guarantees that could ensure its economic interests and justify its continued commitment to the deal.

European Union's foreign policy chief Federica Mogherini said on Friday the 28-nation bloc would continue its work to preserve the multilateral agreement.

Mogherini pointed to the 12th report released by the International Atomic Energy Agency (IAEA) certifying that Iran is still complying with all its nuclear related commitments in accordance with the JCPOA and said, "This is good news."

"Our work continues with all the member states and with other partners in the world, to make sure that Iranians and Iranian citizens can benefit from the economic relations not only the European Union's member states, but also others in the world," the senior EU official pointed out.


Press TV, Reuters contributed to this story.



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