King & Wood Mallesons

Asia-Pacific 100 position: 3

What next for Iran and sanctions?

Last weekend, on 24 November 2013, talks took place in Geneva between Iran and high-level delegates from the US, the UK, France, Germany, Russia and China, facilitated by the European Union.

Intense negotiations resulted in a landmark ‘joint action plan’ with the long-term aim of lifting all sanctions in place against Iran in return for multiple undertakings from Iran concerning its nuclear programme. The agreement made by foreign ministers will consist of ‘a reciprocal, step-by-step process’ involving a gradual lifting of applicable sanctions regimes. Meanwhile, negotiations will continue and the joint plan of action will be reviewed in six months’ time with the intention of creating a comprehensive solution…

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