Implementation Of P5 +1 And Iran Definitive Nuclear Agreement

 On July 14, 2015, after nearly two years of high-level negotiations, the P5 + 1 – the United States, the United Kingdom, France, China, Russia and Germany – and Iran announced that they reached a landmark agreement regarding Iran's nuclear program. The agreement, known as the Joint Comprehensive Plan of Action (the "JCPOA"), is based on the framework agreement signed by the P5 + 1 and Iran in April and the Joint Plan of Action (JPOA) agreed among same group in November 2013. The JCPOA requires Iran to achieve certain milestones, including alterations in its current nuclear infrastructure and reductions in its nuclear fuel centrifuges and supplies of nuclear materials, in exchange for gradual and incremental lifting of certain economic and financial sanctions previously imposed by the United Nations Security Council (UNSC), the European Union (EU) and the United States in response to Iran's nuclear proliferation activities.