‘The final step of a comprehensive solution, which the parties aim to
conclude negotiating and commence implementing no more than one year after
the adoption of this document, would:...Involve a mutually defined
enrichment program with mutually agreed parameters consistent with practical
needs, with agreed limits on scope and level of enrichment activities,
capacity, where it is carried out, and stocks of enriched uranium, for a
period to be agreed upon.’

Full text of Iran-5+1 agreement in Geneva
http://217.25.54.55/en/News/80918859/Politic/Full_text_of_Iran-5_1_agreement_in_Geneva

Tehran, Nov 24, IRNA - The Iranian nuclear negotiating team and members of
the G5+1 reached a first step agreement in Geneva Sunday morning on Iran.€™s
peaceful nuclear program.


Following is the full text of Iran-5+1 nuclear deal:


‘Joint Plan of Action



Preamble

The goal for these negotiations is to reach a mutually-agreed long-term
comprehensive solution that would ensure Iran’s nuclear program will be
exclusively peaceful. Iran reaffirms that under no circumstances will Iran
ever seek or develop any nuclear weapons. This comprehensive solution would
build on these initial measures and result in a final step for a period to
be agreed upon and the resolution of concerns. This comprehensive solution
would enable Iran to fully enjoy its right to nuclear energy for peaceful
purposes under the relevant articles of the NPT in conformity with its
obligations therein. This comprehensive solution would involve a mutually
defined enrichment program with practical limits and transparency measures
to ensure the peaceful nature of the program. This comprehensive solution
would constitute an integrated whole where nothing is agreed until
everything is agreed. This comprehensive solution would involve a
reciprocal, step-by step process, and would produce the comprehensive
lifting of all UN Security Council sanctions, as well as multilateral and
national sanctions related to Iran’s nuclear program.

There would be additional steps in between the initial measures and the
final step, including, among other things, addressing the UN Security
Council resolutions, with a view toward bringing to a satisfactory
conclusion the UN Security Council’s consideration of this matter. The E3+3
and Iran will be responsible for conclusion and implementation of mutual
near-term measures and the comprehensive solution in good faith. A Joint
Commission of E3/EU+3 and Iran will be established to monitor the
implementation of the near-term measures and address issues that may arise,
with the IAEA responsible for verification of nuclear-related measures. The
Joint Commission will work with the IAEA to facilitate resolution of past
and present issues of concern.

Elements of a first step

The first step would be time-bound, with a duration of 6 months, and
renewable by mutual consent, during which all parties will work to maintain
a constructive atmosphere for negotiations in good faith.

Iran would undertake the following voluntary measures:

* From the existing uranium enriched to 20%, retain half as working stock of
20% oxide for fabrication of fuel for the TRR. Dilute the remaining 20% UF6
to no more than 5%. No reconversion line.

* Iran announces that it will not enrich uranium over 5% for the duration of
the 6 months.

* Iran announces that it will not make any further advances of its
activities at the Natanz Fuel Enrichment Plant (1), Fordow (2), or the Arak
reactor (3), designated by the IAEA as IR-40.

* Beginning when the line for conversion of UF6 enriched up to 5% to UO2 is
ready, Iran has decided to convert to oxide UF6 newly enriched up to 5%
during the 6 month period, as provided in the operational schedule of the
conversion plant declared to the IAEA.

* No new locations for the enrichment.

* Iran will continue its safeguarded R&D practices, including its current
enrichment R&D practices, which are not designed for accumulation of the
enriched uranium.

* No reprocessing or construction of a facility capable of reprocessing.

* Enhanced monitoring:

- Provision of specified information to the IAEA, including information on
Iran’s plans for nuclear facilities, a description of each building on each
nuclear site, a description of the scale of operations for each location
engaged in specified nuclear activities, information on uranium mines and
mills, and information on source material. This information would be
provided within three months of the adoption of these measures.

- Submission of an updated DIQ for the reactor at Arak, designated by the
IAEA as the IR-40, to the IAEA.

- Steps to agree with the IAEA on conclusion of the Safeguards Approach for
the reactor at Arak, designated by the IAEA as the IR-40.

- Daily IAEA inspector access when inspectors are not present for the
purpose of Design Information Verification, Interim Inventory Verification,
Physical Inventory Verification, and unannounced inspections, for the
purpose of access to offline surveillance records, at Fordow and Natanz.

- IAEA inspector managed access to:

. centrifuge assembly workshops4;

. centrifuge rotor production workshops and storage facilities; and,

. uranium mines and mills.

In return, the E3/EU+3 would undertake the following voluntary measures:

- Pause efforts to further reduce Iran’s crude oil sales, enabling Iran’s
current customers to purchase their current average amounts of crude oil.
Enable the repatriation of an agreed amount of revenue held abroad. For such
oil sales, suspend the EU and U.S. sanctions on associated insurance and
transportation services.

- Suspend U.S. and EU sanctions on:

. Iran’s petrochemical exports, as well as sanctions on associated services.
(5)

. Gold and precious metals, as well as sanctions on associated services.

.• Suspend U.S. sanctions on Iran’s auto industry, as well as sanctions on
associated services.

.• License the supply and installation in Iran of spare parts for safety of
flight for Iranian civil aviation and associated services. License safety
related inspections and repairs in Iran as well as associated services. (6)

.• No new nuclear-related UN Security Council sanctions.

.• No new EU nuclear-related sanctions.

.• The U.S. Administration, acting consistent with the respective roles of
the President and the Congress, will refrain from imposing new
nuclear-related sanctions.

.• Establish a financial channel to facilitate humanitarian trade for Iran’s
domestic needs using Iranian oil revenues held abroad. Humanitarian trade
would be defined as transactions involving food and agricultural products,
medicine, medical devices, and medical expenses incurred abroad. This
channel would involve specified foreign banks and non-designated Iranian
banks to be defined when establishing the channel.

* This channel could also enable:

a- transactions required to pay Iran’s UN obligations; and,

b- direct tuition payments to universities and colleges for Iranian students
studying abroad, up to an agreed amount for the six month period.

.• Increase the EU authorisation thresholds for transactions for
non-sanctioned trade to an agreed amount.

Elements of the final step of a comprehensive solution*

The final step of a comprehensive solution, which the parties aim to
conclude negotiating and commence implementing no more than one year after
the adoption of this document, would:

.• Have a specified long-term duration to be agreed upon.

.• Reflect the rights and obligations of parties to the NPT and IAEA
Safeguards Agreements.

.• Comprehensively lift UN Security Council, multilateral and national
nuclear-related sanctions, including steps on access in areas of trade,
technology, finance, and energy, on a schedule to be agreed upon.

.• Involve a mutually defined enrichment program with mutually agreed
parameters consistent with practical needs, with agreed limits on scope and
level of enrichment activities, capacity, where it is carried out, and
stocks of enriched uranium, for a period to be agreed upon.

.• Fully resolve concerns related to the reactor at Arak, designated by the
IAEA as the IR-40. No reprocessing or construction of a facility capable of
reprocessing.

.• Fully implement the agreed transparency measures and enhanced monitoring.
Ratify and implement the Additional Protocol, consistent with the respective
roles of the President and the Majlis (Iranian parliament).

.• Include international civil nuclear cooperation, including among others,
on acquiring modern light water power and research reactors and associated
equipment, and the supply of modern nuclear fuel as well as agreed R&D
practices.

Following successful implementation of the final step of the comprehensive
solution for its full duration, the Iranian nuclear program will be treated
in the same manner as that of any non-nuclear weapon state party to the NPT.
----------------------------------------------------------------------------------------------------

(1) Namely, during the 6 months, Iran will not feed UF6 into the centrifuges
installed but not enriching uranium. Not install additional centrifuges.
Iran announces that during the first 6 months, it will replace existing
centrifuges with centrifuges of the same type.

(2) At Fordow, no further enrichment over 5% at 4 cascades now enriching
uranium, and not increase enrichment capacity. Not feed UF6 into the other
12 cascades, which would remain in a non-operative state. No
interconnections between cascades. Iran announces that during the first 6
months, it will replace existing centrifuges with centrifuges of the same
type.

(3) Iran announces on concerns related to the construction of the reactor at
Arak that for 6 months it will not commission the reactor or transfer fuel
or heavy water to the reactor site and will not test additional fuel or
produce more fuel for the reactor or install remaining components.

(4) Consistent with its plans, Iran’s centrifuge production during the 6
months will be dedicated to replace damaged machines.

(5) ‘Sanctions on associated services’ means any service, such as insurance,
transportation, or financial, subject to the underlying U.S. or EU sanctions
applicable, insofar as each service is related to the underlying sanction
and required to facilitate the desired transactions. These services could
involve any non-designated Iranian entities.

(6) Sanctions relief could involve any non-designated Iranian airlines as
well as Iran Air.

* With respect to the final step and any steps in between, the standard
principle that ‘nothing is agreed until everything is agreed’ applies.’

**1422