April 5, 2021
On July 14, 2015 the P5+1 and Iran agreed on the JCPOA.
The deal represented a sea change for Iran. It came out of the negotiation process as a successful interlocutor for the P5+1 giving a boost to regime’s legitimacy. It moved from being an adversary to a potential partner for the West. The gradual removing of the sanctions brought dynamism to its economy. Foreign companies flocked into the country. GDP growth rate surged from -1.3 % in 2015, to +13.4 % in 2016.
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