Studying the Impact of Joint Plan of Action (November 2013) on Iran Economic Sanctions

With the Islamic Revolution in Iran in 1979, America has repeatedly used the instrument of sanctions against Iran. The Security Council also applied four Courses of sanctions against Iran in the background of nuclear program. However, following the successive negotiations, Iran and the (5+1) finally reached agreement on the Iranian nuclear program in November 2013 after approximately ten years of nuclear negotiations. Signing the joint plan of action between Iran and the (5+1) is considered as an important and strong step in order to cancel sanctions against Iran. But the question that arises here is whether the agreement really impacts on economic sanctions against Iran? Does the agreement have legal burden? Surely the answer to this question is not negative, whatever it is. The aim of this study is to examine the impact of sanctions on the Iranian economy partially and examine the impact of the Geneva agreement on sanctions against Iran in detail. Findings of the study show that joint plan of action can open the way to better economic relations for Iran.

Keywords:

2013 Geneva Agreement , Joint Plan of Action , Economic sanctions , The P5 + 1 , Iran's nuclear program