[QODLink]
Archive
EU warns Iran of trade consequences
The European Union warned Iran of costly economic consequences if the Islamic republic fails to be transparent about its nuclear programme.
Last Modified: 29 Sep 2003 18:57 GMT
IAEA chief Mohamed El Baradei (L) and Iranian Foreign Minister Kamal Kharrazi (R) met in July to discuss inspections
The European Union warned Iran of costly economic consequences if the Islamic republic fails to be transparent about its nuclear programme.

EU foreign ministers said a valuable trade agreement could be at risk if Iran fails to quell international concerns over nuclear non-proliferation, fighting global terrorism, human rights and the Middle East peace process.
  
"More intense economic relations can be achieved only if progress is reached in the four areas of concern," the ministers said in a statement issued at talks, AFP reported.
  
Iran is under pressure from the world community and the UN's International Atomic Energy Agency (IAEA) to open up its nuclear programme to international weapons inspections. 

Ultimatum
  
The IAEA has given Iran until 31 October to disprove US allegations that it is seeking to build nuclear weapons.
  
Still, the EU unlike the US is pursuing a policy of constructive engagement with Iran and has conducted talks on a trade accord with the country over the past 12 months.

"It is clear that Iran's trade relationship with the EU is very important. It is important that pressure is not coming from one country but from a group of countries"

Unidentified UN diplomat


  
The EU is, at the same time, currently ratcheting up the pressure.
  
On Monday the foreign ministers reiterated a demand that Tehran sign an additional protocol to the nuclear Non-Proliferation Treaty (NPT), allowing IAEA inspectors to descend on its nuclear sites without warning. 

Lever
  
Diplomats familiar with the standoff said the EU warning could be an important lever in the simmering crisis.
  
"It is clear that Iran's trade relationship with the EU is very important. It is important that pressure is not coming from one country but from a group of countries," said a UN diplomat close to the IAEA in Vienna, AFP reported.
  
German Foreign Minister Joschka Fischer said it was imperative to prevent a “nuclear arms race ... in one of the most unstable and dangerous regions in the world at the moment.”

Source:
AFP
Topics in this article
Country
Organisation
Featured on Al Jazeera
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Lack of child protection laws means abandoned and orphaned kids rely heavily on the care of strangers.
Featured
Booming global trade in 50-million-year-old amber stones is lucrative, controversial, and extremely dangerous.
Legendary Native-American High Bird was trained in ancient warrior traditions, which he employed in World War II.
Hounded opposition figure says he's hoping for the best at sodomy appeal but prepared to return to prison.
Fears of rising Islamophobia and racial profiling after two soldiers killed in separate incidents.
Group's culture of summary justice is back in Northern Ireland's spotlight after new sexual assault accusations.