INTRODUCTION
After years of negotiation & talks, Iran has finally signed a nuclear deal with the west. This stands as important considering the already weak international regime on stopping nuclear weapons proliferation.
BACKGROUND OF THE DEAL
Iran's nuclear programme remains a matter of serious concern to the international community as set out in the United Nations Security Council Resolutions 1696, 1737, 1747, 1803 and 1835. The objective from the beginning was to negotiate a comprehensive long-term agreement to resolve the Iranian nuclear issue which started from the year 2006 and ended this November.
ABOUT THE DEAL (deal name-Geneva Deal)
This deal is an interim deal & has a time frame of executing everything in a matter of six months. Failing to comply with this, will make this deal null and void.
What is West giving to Tehran (Iran's Capital):-
1. West is going to unfreeze an amount of $4 billion which is payable by different nations due to purchase of oil from Iran.
2. Also, it is going to suspend restrictions on the country's trade in gold, petrochemicals.
‡' Restrict its nuclear activities (In next six months)
‡' Stop enriching uranium above 5 per cent, reactor grade, and dilute its stock of 20 per cent-enriched uranium or convert it to oxide, which makes it harder to enrich further.
‡' Not to increase its stockpile of low-enrichment uranium
‡' Freeze its enrichment capacity
‡' Not to fuel or to commission the heavy-water reactor it is building in Arak or build a reprocessing plant that could produce plutonium from the spent fuel.
‡' Accept more intrusive nuclear inspections by the International Atomic Energy Agency, including daily visits to some facilities click here for more information about Iran's Nuclear Deal.
MAIN PEOPLE INVOLVED IN THE DEAL
‡' John Kerry (U.S. Secretary of State).
‡' Iranian counterpart, Mohammad Javad Zarif.
ADVANTAGES FOR IRAN BY THIS DEAL
€ No more economic sanctions
€ Increase in power as a nation i.e. increase in influence of it in the region
€ Kind of €clean' cheat to Iran's nuclear program
ISRAEL'S VIEW
This is not a historic agreement but it's a historic mistake.
SAUDI ARABIA'S VIEW
Saudi Arabia is concerned about the growing influence in the region of Iran by this deal. (On this, Indian and Iran's embassy have agreed to keep Saudi Arabia engaged while the deal is being worked out. This is not because we are hostile towards Saudi Arabia. But India has to work out a strategy that without antagonizing Saudi Arabia [from which it imports oil heavily], India needs to help Iran)
INDIA'S VIEW
€ The said deal has been along the lines of what India had asked for.
€ This deal will provide ultimate advantage to India
WHAT INDIA CAN GET BECAUSE OF THIS DEAL
‡' India can now easily import oil from Iran.
‡' India can now go for India-Pakistan-Iran peace pipeline.
‡' India can now contribute to development and modernization of Chah-bahar port (a port in Iran). This port is strategically important as it is just 80 km away from the Chinese built Gwadar port in Pakistan. India has allotted $100 million for this port.
‡' India can now also go for trilateral preferential treatment and tariff reductions involving India, Iran and Afghanistan which will be important for Indian goods at Chah-bahar.
‡' There is now talk of a rail line from Bamyan in Afghanistan that will follow this road route down to Chah-bahar.
‡' India can resume talks on a lucrative gasfield €" Farzad-B gas on which just two rounds have been held over the past four years.
After years of negotiation & talks, Iran has finally signed a nuclear deal with the west. This stands as important considering the already weak international regime on stopping nuclear weapons proliferation.
BACKGROUND OF THE DEAL
Iran's nuclear programme remains a matter of serious concern to the international community as set out in the United Nations Security Council Resolutions 1696, 1737, 1747, 1803 and 1835. The objective from the beginning was to negotiate a comprehensive long-term agreement to resolve the Iranian nuclear issue which started from the year 2006 and ended this November.
ABOUT THE DEAL (deal name-Geneva Deal)
This deal is an interim deal & has a time frame of executing everything in a matter of six months. Failing to comply with this, will make this deal null and void.
What is West giving to Tehran (Iran's Capital):-
1. West is going to unfreeze an amount of $4 billion which is payable by different nations due to purchase of oil from Iran.
2. Also, it is going to suspend restrictions on the country's trade in gold, petrochemicals.
‡' Restrict its nuclear activities (In next six months)
‡' Stop enriching uranium above 5 per cent, reactor grade, and dilute its stock of 20 per cent-enriched uranium or convert it to oxide, which makes it harder to enrich further.
‡' Not to increase its stockpile of low-enrichment uranium
‡' Freeze its enrichment capacity
‡' Not to fuel or to commission the heavy-water reactor it is building in Arak or build a reprocessing plant that could produce plutonium from the spent fuel.
‡' Accept more intrusive nuclear inspections by the International Atomic Energy Agency, including daily visits to some facilities click here for more information about Iran's Nuclear Deal.
MAIN PEOPLE INVOLVED IN THE DEAL
‡' John Kerry (U.S. Secretary of State).
‡' Iranian counterpart, Mohammad Javad Zarif.
ADVANTAGES FOR IRAN BY THIS DEAL
€ No more economic sanctions
€ Increase in power as a nation i.e. increase in influence of it in the region
€ Kind of €clean' cheat to Iran's nuclear program
ISRAEL'S VIEW
This is not a historic agreement but it's a historic mistake.
SAUDI ARABIA'S VIEW
Saudi Arabia is concerned about the growing influence in the region of Iran by this deal. (On this, Indian and Iran's embassy have agreed to keep Saudi Arabia engaged while the deal is being worked out. This is not because we are hostile towards Saudi Arabia. But India has to work out a strategy that without antagonizing Saudi Arabia [from which it imports oil heavily], India needs to help Iran)
INDIA'S VIEW
€ The said deal has been along the lines of what India had asked for.
€ This deal will provide ultimate advantage to India
WHAT INDIA CAN GET BECAUSE OF THIS DEAL
‡' India can now easily import oil from Iran.
‡' India can now go for India-Pakistan-Iran peace pipeline.
‡' India can now contribute to development and modernization of Chah-bahar port (a port in Iran). This port is strategically important as it is just 80 km away from the Chinese built Gwadar port in Pakistan. India has allotted $100 million for this port.
‡' India can now also go for trilateral preferential treatment and tariff reductions involving India, Iran and Afghanistan which will be important for Indian goods at Chah-bahar.
‡' There is now talk of a rail line from Bamyan in Afghanistan that will follow this road route down to Chah-bahar.
‡' India can resume talks on a lucrative gasfield €" Farzad-B gas on which just two rounds have been held over the past four years.