"The Joint Commission will be chaired on behalf of the EU High Representative Josep Borrell Fontelles by EEAS (European External Action Service) Secretary General Helga Maria Schmid and will be attended by representatives of China, France, Germany, Russia, United Kingdom, and Iran," EEAS said in press release on Monday.
Britain, France, and Germany (EU3) formally accused Iran on Jan. 14 of violating the terms of the agreement – officially known as the Joint Comprehensive Plan of Action (JCPOA) – and announced that they plan to trigger a dispute settlement mechanism that could eventually restore UN Security Council sanctions against the Islamic Republic.
Borrell said during a visit to Tehran on Feb. 4 that the European Union will extend indefinitely the time limit to resolve disputes in the Iran nuclear accord to avoid having to go to the UN Security Council or triggering new sanctions.
Iran signed the nuclear agreement with six world powers— namely the US, Germany, France, Britain, Russia, and China — in 2015. The deal was also ratified in the form of a UN Security Council resolution.
Iran remained fully compliant with the nuclear agreement, known as the JCPOA, for an entire year after the US pulled out of in May 2018 and reimposed tough sanctions, waiting for the European signatories to the deal to fulfill their end of the bargain by offsetting the impacts of American bans on the Iranian economy.
Since May 2019, Iran has progressively scaled back commitments in compliance with articles 26 and 36 of the agreement in response to the US sanctions and Europe's inability to circumvent them.
Iran says it is now producing uranium enriched beyond the 3.67 percent set by the agreement, and no longer adheres to the limit of 300 kilograms imposed on its enriched uranium stocks. It has also resumed research and development that was restricted under the deal.
Earlier this month, Borrell told the Munich Security Conference that the JCPOA is not just limited to the Iran’s nuclear obligations, and other parties to the landmark agreement have also economic commitments to the Islamic Republic.
He said Iranians had asked the EU, France, Germany, and Britain to abide by their commitments under the 2015 deal after the US withdrawal. The top diplomat said Iran is no longer committed to its nuclear commitments and the Europeans must accept that they have not been successful in fulfilling their obligations.
Iran has said it will reverse its retaliatory measures if Europe provides “meaningful” economic benefits to the country.
“We have said that we are prepared to slow down or reverse these measures commensurate with what Europe does,” Foreign Minister Mohammad Javad Zarif told reporters at the Munich Security Conference on February 15.
Reuters, Press TV and AFP contributed to this story.