Today is Adoption Day of the Joint Comprehensive Plan of Action (JCPOA) related to the Iran nuclear programme. This is another important milestone that brings us a step closer to the beginning of implementation of the JCPOA, to which we are strongly committed. We have respected the timetable set out in the JCPOA, which demonstrates our collective will to stick to its provisions.
Iran will now start the implementation of its nuclear-related commitments with the objective of full and effective completion. The IAEA will make the necessary preparations for the monitoring and verification of these steps. The EU today adopted the legislative framework for lifting all of its nuclear-related economic and financial sanctions. It will take effect on Implementation Day, simultaneously with the IAEA-verified implementation of agreed nuclear measures by Iran.
The United States is taking action today to cease application of nuclear-related statutory sanctions on Iran effective on Implementation Day when the IAEA has verified implementation of agreed nuclear measures by Iran, as specified in the JCPOA; and is directing all appropriate additional measures be taken to implement the cessation of application of sanctions, including the termination of Executive Orders and the licensing of activities, as specified in the JCPOA. The Joint Commission foreseen under the JCPOA will now convene for its first meeting at the level of Political Directors on 19 October in Vienna, in order to further advance preparations for implementing the Joint Comprehensive Plan of Action.
All sides remain strongly committed to ensuring that implementation of the Joint Comprehensive Plan of Action can start as soon as possible. To this end, we will make all the necessary preparations