had a very serious & constructive dialogue with @enriquemora_ on the essential elements for successful negotiations.
We agree to start negotiations before the end of November. Exact date would be announced in the course of the next week. https://t.co/0A7BOPZh8f
— علی باقریکنی (@Bagheri_Kani) October 27, 2021
Indirect US-Iran talks kicked off in Vienna in April this year to revive the 2015 nuclear accord. This ended after the sixth round in June ahead of the election of Iranian President Ebrahim Raisi.
The talks were seen as part of US President Joe Biden’s efforts to reverse foreign policies of former President Donald Trump, who withdrew Washington from the Joint Comprehensive Plan of Action [JCPOA] to apply “maximum pressure” on Iran.
This led to further implementation of economic sanctions on Tehran, prompting it to increase its nuclear enrichment.
However, the Islamic Republic defended its decision by maintaining its nuclear programme is peaceful.
In Qatar, officials have been expressing the Gulf state’s support for the resumption of negotiations to restore the JCPOA while offering to mediate between the US and Iran.
“Regarding the nuclear deal, we call on all sides to return to negotiations as soon as possible and try to reach an agreement that will contribute to ensuring peace and security in our region,” said Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in a press conference in Doha on Wednesday alongside his Austrian counterpart Michael Linhart.
The Islamic Republic’s economy has taken a hit following years of US sanctions as well as the coronavirus outbreak last year.
In 2020, Iran’s gross domestic product [GDP] shrunk by 5%, more than one million people lost their jobs and the Iranian rial lost more than half of its value against the dollar.
In February this year, inflation stood at 48%, almost double what it was in the same period last year.
However, the World Bank said earlier this month that Iran’s economy has been witnessing “a moderate recovery” over the past year as countries ease Covid-19 lockdowns, leading to a 3.4% growth in the GDP.
“Iran’s economic outlook is shaped by the expectations about the course of the pandemic, the recovery in demand from export partners, and geopolitical developments,” said the World Bank.