In an initial accord in November, Iran agreed with the five permanent members of the UN Security Council -- Britain, China, France, Russia and the United States -- plus Germany (a group known as E3+3) that it would open up its nuclear programme so as to allay fears it was seeking atomic weapons.
In return, the world powers agreed to a progressive lifting of tough sanctions that have caused immense damage to the Iranian economy.
EU foreign affairs chief Catherine Ashton, who has led the international nuclear talks with Iran, said she had a "really interesting" meeting with Iranian Foreign Minister Mohammad Javad Zarif on the sidelines of the Munich Security Conference.
The US State Department also confirmed the date and place of the next talks, after having earlier this week said that they would take place in New York.
"A European city made more sense because of travel schedules," deputy spokeswoman Marie Harf told reporters.
Earlier this month, the United Nations nuclear watchdog, the IAEA, certified that Tehran had stuck to its side of the initial deal, giving access to key nuclear installations and cutting back its enriched uranium stockpile.
During this period, the United States and the EU have promised to impose no new sanctions.
Iran has insisted repeatedly that its nuclear programme is peaceful, but in an atmosphere of complete distrust, the West applied ever tighter sanctions seriously impacting its economy.
Despite the initial progress, the core of these sanctions remains in place.
The accord provides for ultimately removing the sanctions if Iran lives up to all its commitments.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
