15 July 2015
A FINAL nuclear agreement between Iran and t h e P5 +1 countries (United States, United Kingdom, France, Russia, China and Germany) will have far-reaching implications. The 80 million-strong country ends its isolation and the world’s last frontier market will be finally open for business.
Of course, this will come about only if Iran complies with an intrusive verification and monitoring regime for at least 10 years (per the framework agreed in April).
Sanctions will be lifted in a phased manner only if these “agreed-upon benchmarks” are met. Through this period, the breakout time of the Iranian nuclear programme will be kept at one year. Perhaps the most awaited historic change is that of a détente in Iran-US relations.
… The writer is associate research fellow, South Asia Programme at S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore.
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Last updated on 16/11/2015