During the meeting in Tehran on Monday, Kamalvandi and Thiebaud discussed latest developments surrounding the JCPOA and efforts to save the international accord, Tasnim News Agency reported.
The two sides also discussed Iran’s steps to reduce its JCPOA commitments in reaction to the non-commitment of the European parties to the deal.
Highlighting efforts made by Paris as a member of the European Union and a JCPOA signatory to maintain the deal, Thiebaud reaffirmed the seriousness and interest of his country and the EU to save the agreement.
In May 2018, US President Donald Trump pulled his country out of the JCPOA.
In May, one year after the US pullout, Iran began retaliating by scaling back its commitments to the deal.
Last month, Iran took the 4th step in reducing its commitments under the JCPOA in reaction to the continued failure of the European parties to meet their obligations to the agreement.
Iran and the remaining parties launched talks to save the JCPOA after the US withdrawal, but the three EU parties to the deal (France, Britain, and Germany) have failed to ensure Iran’s economic interests.
The EU’s inaction forced Tehran to stop honoring certain commitments to the nuclear deal, including a rise in the stockpile of enriched uranium.
Iran maintains that the new measures are not designed to harm the JCPOA, but rather to save it by creating a balance in the commitments.
INSTEX chief to visit Iran
The so-called E3 (three European signatories) established a barter mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), in January 2019, aimed at circumventing US sanctions against trade with Iran by bypassing dollar transactions, but the idea has remained essentially on paper.
According to the head of Iran-Germany Joint Chamber of Commerce (AHK), Abbasali Qazaee, the head of the INSTEX, Michael Bock, will visit Iran on January 12 to discuss latest developments on the long-delayed mechanism.
During his tour, Bock is expected to attend a meeting of AHK representatives to which senior political and economic officials are invited.
Assessing Bock’s agenda, Qazaee said the visit would help accelerate the operation of INSTEX. He hoped Bock would pursue a goal different from his visit in September.