On 16 January 2016 the International Atomic Energy Agency (IAEA) reported to the United Nations Security Council that Iran had taken a series of measures called for by the historic nuclear agreement between Iran, the Five Permanent (P5) members of the United Nations Security Council, and Germany. This historic development has been welcomed by New Zealand in a statement released on Jan. 19.
"A series of previous Security Council resolutions on the Iranian nuclear issue, including sanctions, have now been terminated and new restrictions applied in accordance with Security Council Resolution 2231," the statement reads.
New Zealand has now started the domestic process for removing the UN sanctions and updating its regulations. This is expected to be completed in February.
The main impact of these changes is to remove the current requirement for New Zealanders doing business with Iran to register with the Ministry of Foreign Affairs and Trade.
