EU to gain the most from the agreement with Iran

Seyyed Abbas Araghchi, Iranian Deputy Minister for Foreign Affairs in charge of Legal and International Affairs, Mohammed Javad Zarif, Iranian Minister for Foreign Affairs, Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, Helga Maria Schmid, Deputy Secretary General of the European External Action Service (EEAS), and James Morrison, Head of cabinet of Catherine Ashton (from right to left). (EC Audiovisual Service, 20/11/2013).

Seyyed Abbas Araghchi, Iranian Deputy Minister for Foreign Affairs in charge of Legal and International Affairs, Mohammed Javad Zarif, Iranian Minister for Foreign Affairs, Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC, Helga Maria Schmid, Deputy Secretary General of the European External Action Service (EEAS), and James Morrison, Head of cabinet of Catherine Ashton (from right to left). (EC Audiovisual Service, 20/11/2013).

The fall of oil prices right after the European Union negotiators, working on behalf of the E3+3 group, reached an agreement with Iran, was the first and infallible sign that this was a step towards the right direction, at least for the energy importing countries. In the Geneva negotiations, the West was represented by Catherine Ashton, the High Representative/Vice-President of the European Commission, while the Iranian mission was headed by the country’s foreign minister, Mohammed Javad Zarif.

This is an interim nuclear agreement of six month duration, reached between Iran and the E3+3 group, which comprises three EU countries (France, Britain and Germany) plus US, Russia and China. The main provision of the agreement obliges Iran to “halt enrichment of uranium at 5% purity”, while the E3+3 group will have to lift trade sanctions of up to $7 billion.

A strategic breakthrough

In every respect this is a major breakthrough in world politics and is bound to change the strategic relations of key players in the Middle East. All interested sides will be forced to rearrange their foreign policy standing, despite the limited and rather vague content of this initial pact. Presumably the main agreement to follow within six months will have far-reaching repercussions.

The European Union had a crucial role to play in this affair. The EU’s Foreign Service has been working during the last four years towards an agreement. The President of the European Commission José Manuel Barroso made a statement on Iran talks: “The agreement found in Geneva between the European Union, negotiating on behalf of the E3+3 countries, and Iran is a major breakthrough for global security and stability. I would like to congratulate in particular Catherine Ashton, the High Representative/Vice-President of the European Commission, for this accomplishment which is a result of her tireless engagement and dedication to the issue over the last 4 years”.

A statement with similar content was issued by the President of the European Council Herman Van Rompuy:” This step shows the commitment and courage by all parties, including by Iran under newly elected President Rohani. I commend all for their efforts. And I commend EU High Representative Ashton for her crucial role – as negotiator on behalf of E3/EU+3 and cochair of the talks. Her dedication and perseverance have been key in brokering this first agreement”.

In many respects this agreement was a much-needed development for the EU. For one thing the Union needed an external success story to counterbalance the failure of its “The Eastern Partnership” strategy, meant to extend its influence to Eastern Europe. However, Ukraine, the main target of this EU strategy, made a last-minute U-turn and refused to sign a Partnership Agreement with the Union, despite the fact that this road could lead to an application for full membership after some years. Instead, Kyiv run to Moscow and singed the Eurasian Union, a Russian sponsored trade and judiciary union.

A success story for the EU

The European Union, as a huge importer of energy, mainly in the form of crude oil, has a lot to gain form the rapprochement with Iran, both in the short and the long run. Firstly, spot prices of oil fell and are expected to remain weak in the near future. Given that the EU imports most of its oil from the Middle East, a long-term arrangement strengthening peace initiatives in this tormented region, may have multiple positive effects on Europe. The EU as a major exporter of goods and services to the eastern Mediterranean and beyond has a lot to gain from the release of the growth potential of this region.

 

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

Stopping antimicrobial resistance would cost just USD 2 per person a year

Young people meet in Malta to shape the future of Europe

As human caravan moves through Mexico, ‘full respect’ needed for national control of borders: UN chief

‘Continue working together’ UN chief urges DR Congo, as country heads to polls

World Cancer Day: Early cervical cancer diagnosis could save lives of over 300,000 women

UN launches plan to promote peace, inclusive growth in Africa’s Sahel

UN chief calls for ‘increased commitment’ to resolution on 10th anniversary of Georgia conflict

Eurozone at risk of home-made deflation and recession

UN refugee agency ‘deeply shocked’ at stabbing death of ‘deeply courageous’ Polish mayor

Health Education, is it a necessity?

The Brussels bureaucracy blocks the Youth Guarantee scheme

A Sting Exclusive: “Leading by example! EU must push for UN deal to avoid dangerous climate change”, European Parliament Vice-President Ulrike Lunacek cries out from Brussels

10th ASEM in Milan and the importance of being one: EU’s big challenge on the way to China

How close is the new financial Armageddon? IMF gives some hints

The big five EU telecom operators in dire straights

The Brexit factor in the US-China trade war and other conflicts

Two States ‘side-by-side’ is the ‘peaceful and just solution’ for Israel-Palestine conflict: Guterres

Fresh airstrikes kill dozens in conflict-ravaged Syria

UN and partners appeal for $920 million to meet ‘dire needs’ of Rohingya refugees

Medical Education is #NotATarget

EU Ambassadors in the EP: a multilateral approach to global challenges needed

EU budget: Making the EU fit for its role as strong global actor

The movement of anti-vaccers: taking humanity back 200 years

EU Parliament: Deposit guarantee and trading platform transparency sought

Main results of Environment Council of 09 October 2018

10 cities are predicted to gain megacity status by 2030

Why Italy will not follow the Greek road; Eurozone to change or unravel

Black Panther’s ‘General Okoye’ joins the fight against gender-based violence

MEPs call on EU countries to end precarious employment practices

The battle for the 2016 EU Budget to shake the Union; Commission and Parliament vs. Germany

‘Leaders who sanction hate speech’ encourage citizens to do likewise, UN communications chief tells Holocaust remembrance event

This project in India helps people and tigers co-exist peacefully

ILO’s Bureau for Employers´Activities to publish new study on women in business and management

It’s not summer holidays what lead to the bad August of the German economy

Investing in rural women and girls, ‘essential’ for everyone’s future: UN chief

COP21 Breaking News_03 December: Europe’s children urge leaders to commit to climate action at UN Climate Summit in Paris

European Commissioner for Youth wants young people to be at heart of policy making

The global economy isn’t working for women. Here’s what world leaders must do

Eurozone: Inflation plunge to 0.4% in July may trigger cataclysmic developments

How the United States can win back its manufacturing mojo

EYE to kick off on Friday: 8000+ young people discussing the future of Europe 1 – 2 June

India’s economy is growing fast, but its poorest areas lag behind. Here’s why this could be about to change

EU Copyright Directive: Google News threatens to leave Europe while media startups increasingly worry

Ecofin: ‘The Friday battle’ for the banking union

How fungi could save the world

UN relief official in Yemen condemns ‘horrific’ attack on passenger buses

Nigeria: UN chief ‘appalled’ by killing of aid worker; calls for release of remaining hostages

Germany openly seeks more advantages for its banks

A young student discusses the determinants of migration in the European Union

Erdogan vies to become Middle East Sultan over Khashoggi’s killing

Robots aren’t stealing all our jobs, says the World Bank’s chief economist

EU Budget 2019 deal: EP boosts support for researchers and the young

European Commission recommends to the European Council (Article 50) to find that decisive progress has been made in Brexit negotiations

European Semester Autumn Package: Bolstering inclusive and sustainable growth

Google prepares to final EU judgement over Android antitrust case

800,000 people commit suicide every year: WHO

A day in the life of a Rohingya refugee

‘Well-being of two million’ in Gaza at stake as emergency fuel runs dry: UN humanitarian coordinator

Eurozone slowly but surely builds its Banking Union

The economic cost of anti-vaccination movements in Italy

MWC 2016 LIVE: Mobile World Congress shows off planes, trams and automobiles

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s