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    market news

    Iranian Parliament Approves Implementation of Nuclear Action Plan

    Kristen Moran
    Oct. 13, 2015 11:21AM PST
    Energy Investing

    World Nuclear News reported that the Iranian parliament has approved a bill on the implementation of the Joint Comprehensive Plan of Action (JCPOA), which is an international agreement limiting Iran’s nuclear program in return for the lifting of economic sanctions.

    World Nuclear News reported that the Iranian parliament has approved a bill on the implementation of the Joint Comprehensive Plan of Action (JCPOA), which is an international agreement limiting Iran’s nuclear program in return for the lifting of economic sanctions.
    As quoted in the market news:

    Meanwhile, Japan has pledged to support Iran’s implementation of the plan.
    The bill secured approval from a majority of members of parliament, with 161 out of a total of 250 voting in favour, 59 against and 13 abstaining. A preliminary parliamentary vote on Sunday saw 139 votes in favour out of a total of 253, with 100 against and 12 abstentions.
    The vote came the day after Iran’s President Rouhani told a meeting of council officials in the province of Mazandaran that the lifting of United Nations sanctions was the most important legal issue faced by the nation. “If we want to overcome the issues, we need extraordinary endeavour and a jump ahead,” he said, according to the country’s Ministry of Foreign Affairs.
    The JCPOA was signed in July by Iran and the E3/EU+3 (China, France, Germany, Russia, the UK and the USA – also referred to as the P5+1 – plus the European Union). Under its terms, Iran agreed to limit its uranium enrichment activities, eliminate its stockpile of medium-enriched uranium and limit its stockpile of low enriched uranium over the next 15 years. The International Atomic Energy Agency (IAEA) is tasked with overseeing Iran’s actions under the agreement.

    Click here to read the full World Nuclear News report.

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