Sunday, February 28, 2021

Featured News

How will the EU React if Donald Trump Quits the Iran Nuclear Deal?

The deadline for the ‘fixing’ of the Iran Nuclear Deal by Donald Trump is almost here and experts are exploring the loopholes in the approach.

Jarret Blanc, a coordinator for the implementation of the Iran Nuclear Deal, has brought to light some of the possible negative impacts that Donald Trump’s hostile attitude for Europe could bring about ( which included possible economic dangers and impacts).

From an economic point of view, quitting the Iran nuclear deal could greatly hamper both US and EU, and possibly give rise to an economic and legal onslaught between the two. EU could retaliate with numerous international legal councils that could lead to a war of trade, in some ways. The EU could also approach the WTO.

The EU on The Iran Nuclear Deal

In a scenario, where EU does approach the WTO, several more areas, apart from the Iran Nuclear Deal, that point to a broken cooperation could be brought to the surface. The World Trade Organization addresses all issues where trade has been affected, even though a valid policy may have been used. EU could further use the ‘blocking regulations’ approach that had been put in place in an earlier scene in the 1990s.

Also Read: Iran warns the US against Declaring the Revolutionary Guards as Terrorists

Will Quitting the Iran Nuclear Deal Only have economic implications?

Although highly unlikely, EU could pull back the purchase of oil from Iran. But again, this is not really a possibility.

Laura Holgate, a former representative of the UN, explored the possibility of EU uniting with the US against Iran over the testing of missiles and the hostile behaviour in the region. She explained that a rational Iran Nuclear Deal would allow everyone to pay much-deserved attention to the larger issues. She believes a rational discussion with the EU, about the Iran nuclear deal is required, and the best way to achieve this is by sincere discussion at the moment.

Other News:

 

Featured News

Did Russian Iskander Missiles & Indian Radars Fail To Protect Armenia From The Jaws Of Azerbaijan?

Armenian PM Nikol Pashinyan’s remarks on why the Russian-made Iskander ballistic missiles did not explode during the Nagorno-Karabakh conflict created a sensation in the...

What Does Pakistan PM Imran Khan’s Toned-Down Anti-India Rhetoric Mean For India-Pak Bilateral Relations?

Pakistan PM Imran Khan’s statements, during his Sri Lanka visit, appeared to be reconciliatory towards India. He even insisted that he was the one...

Why Indian Army Could Be Concerned With Indigenous Arjun Tanks Amid ‘Make In India’ Drive?

Do the 'Make in India' and the 'Atmanirbhar Bharat' schemes of domestic procurement of military hardware compromise the quality of arms and weapons that...

Biden Will Hit Saudi Arabia Where It Hurts The Most With A CIA Report On Khashoggi Murder

If putting a halt to a weapons deal with Saudi Arabia were not enough, the Biden administration is now set to hit Riyadh where...

How Alert Netizens Deciphered NASA’s Secret Message On Mars Rover Parachute

US space agency NASA’s secret message on the parachute of its Perseverance rover was decoded by 'internet sleuths' within hours of its landing on...