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Focus on Regulation

Extension of Iran Sanctions Negotiations

On 24 November 2014, the P5+1 countries (China, France, Germany, the Russian Federation, the United Kingdom, and the United States) agreed with Iran to continue negotiations regarding Iran’s nuclear-related activities and to extend the Joint Plan of Action (JPOA) that suspended a limited number of economic sanctions against Iran. The JPOA originally went into effect for a six-month period beginning 20 January 2014, and was initially scheduled to expire 20 July 2014. The JPOA commitments were extended until 24 November 2014, but the parties have not yet reached a final agreement. The parties have agreed to extend the negotiations until 1 July 2015, with the expectation that a consensus on terms should be reached by 1 March 2015. The parties expect to reconvene discussions in December 2014.

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