Kerry continues his Chamberlain impression.

I welcome the announcement today by the EU, the P5+1, and Iran that we have now reached Adoption Day of the Joint Comprehensive Plan of Action (JCPOA). This is an important day for all of us and a critical first step in the process of ensuring that Iran’s nuclear program will be exclusively for peaceful purposes.

The IAEA has confirmed that on October 15 Iran completed its required Roadmap steps to address issues of past concern, and Iran has notified the IAEA of its intent to provisionally apply the Additional Protocol. As well, Iran will now begin taking all of the necessary steps outlined in the JCPOA to restrain its nuclear program and ensure that it is exclusively peaceful going forward. This will include significant changes to its Arak reactor, substantial reductions to its uranium enrichment capacity as well as its enriched uranium stockpiles, and increased access to and continuous monitoring of Iran’s declared nuclear facilities by the IAEA.

At the direction of the President, the Department of State and our colleagues throughout the U.S. government will continue taking steps to ensure we are prepared to meet our JCPOA commitments. In order to prepare to implement our sanctions-related commitments, we are today taking contingent action with respect to the waivers of certain statutory nuclear-related sanctions. These waivers will not take effect until Implementation Day, after Iran has completed all necessary nuclear steps, as verified by the IAEA.