JCPOA helped relieve Western pressure on Iran

Financial Tribune- A lawmaker said the Joint Comprehensive Plan of Action on Tehran’s nuclear program has relieved western pressure on Iran in three key areas of energy, transportation and banking and insurance.

JCPOA is the formal name of the July 2015 nuclear deal between Iran and world powers, which settled a 12-year dispute between Tehran and western powers by curbing its nuclear work in exchange for the removal of international sanctions.

“According to the latest report [of the Foreign Ministry on the implementation of the deal], obstacles have been completely removed in these three areas, but how much gains we could reap depends on our domestic capacities and efforts to exploit the unleashed potential,” Morteza Safari Natanzi also told ICANA in a recent talk.

According to a Majlis law endorsing the nuclear pact, the Foreign Ministry is obliged to provide Majlis National Security and Foreign Policy Commission with a report on the deal every three months.

The parliamentary panel should in turn report to the legislature every six months. The fourth Foreign Ministry report was recently delivered to the panel and members of the parliamentary commission convened last Wednesday to discuss it.

Deputy Foreign Minister Abbas Araqchi and some other Foreign Ministry officials attended the meeting to clarify ambiguities in the report and answer lawmakers’ questions.

Araqchi, a top member of Iran’s team negotiating nuclear talks with major powers for about two years, is currently the head of a Foreign Ministry committee on the deal’s implementation.

Over a year since the deal went into effect in January 2016, Iranian officials are still complaining that Tehran is not receiving the full benefits expected under the deal, putting the blame on the US uncooperative approach.

The remaining non-nuclear US sanctions do not allow foreign institutions to use the US financial system to process transactions with Iran, which has hindered major international deals in dollars with the country.