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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Final Thai crackdown feared as guests evacuate | Video 3:09am EDT Volcanic ash grounds hundreds of European flights | Video 3:05am EDT Britain says to ease no-fly decree on Heathrow 12:58am EDT Europe blocks U.S. emergency exit door 16 May 2010 BP says progress in effort to contain oil spill | Video 3:15am EDT Thailand toughens stand against spiraling protests | Video 16 May 2010 Japan PM's dilemma over U.S. base deepens before poll 16 May 2010 UPDATE 1-WHO study has no clear answer on phones and cancer 16 May 2010 Iran, Brazil, Turkey sign nuclear swap deal 3:06am EDT FOREX-Euro extends losses to hit 4-yr low on debt woes 1:21am EDT Final Thai crackdown feared as guests evacuate | Video 3:09am EDT Heavy metal veteran Ronnie James Dio dies, aged 67 16 May 2010 Video of American drowned saving son shocks Italy 16 May 2010 Google says mistakenly got wireless data 16 May 2010 Africa's lake Tanganyika warming fast, life dying 16 May 2010 Britain says to ease no-fly decree on Heathrow 12:58am EDT Volcanic ash grounds hundreds of European flights | Video 3:05am EDT UPDATE 1-WHO study has no clear answer on phones and cancer 16 May 2010 Gold rises toward peak, investors lift ETF to record 2:00am EDT WHO study has no clear answer on phones and cancer 16 May 2010 Iran, Brazil, Turkey sign nuclear swap deal Parisa Hafezi TEHRAN Mon May 17, 2010 3:06am EDT Related News Ahmadinejad calls for new talks with major powers 2:40am EDT TEHRAN (Reuters) - Iran, Brazil and Turkey signed an agreement on Monday over a nuclear fuel swap designed to allay international concern over the Islamic Republic's atomic ambitions and avert fresh sanctions on Tehran. World | Brazil | Turkey Iran said it had agreed to swap 1,200 kg of its low-enriched uranium for higher-enriched nuclear fuel, to be used in a medical research reactor. The exchange would take place in Turkey, Foreign Ministry spokesman Ramin Mehmanparast said. Iran, which rejects Western accusations it is seeking to develop nuclear bombs, had earlier insisted such a swap must take place on its territory. Iranian President Mahmoud Ahmadinejad called on six world powers, which have been discussing further U.N. sanctions on the major oil producer, for fresh talks on Iran's nuclear program after the fuel exchange agreement. "Following the signing of the nuclear fuel swap deal, it is time for 5+1 countries to enter talks with Iran based on honesty, justice and mutual respect," Ahmadinejad said, referring to the five permanent U.N. Security Council members and Germany. There was no immediate comment from Washington, which has been leading a Western push to impose additional punitive measures on Tehran. Turkey and Brazil, both non-permanent members of the U.N. Security Council, had offered to mediate to find a resolution to the impasse. It was seen as the last chance to avoid a fourth round of U.N. sanctions. Brazilian President Luiz Inacio Lula da Silva and Turkish Prime Minister Tayyip Erdogan discussed the deal with Ahmadinejad in Tehran, Iranian state media reported. "The swap will take place in Turkey," Mehmanparast told reporters, shortly before the agreement was signed by ministers in front of reporters. Mehmanparast said Iran would send low-enriched uranium to Turkey within a month and that it would be under the supervision of the U.N. nuclear agency, state Press TV reported. "POTENTIAL BREAKTHROUGH" Major world powers had urged Iran to accept a months-old International Atomic Energy Agency plan to ship 1,200 kg (2,646 lb) of its low-enriched uranium -- enough for a single bomb if purified to a high enough level -- abroad for transformation into fuel for a medical research reactor. The proposal, backed by the United States, Russia and France, was aimed at giving time for diplomatic talks with Iran. Tehran agreed in principle to the deal in October but then demanded changes such as a simultaneous swap on Iranian soil, conditions other parties in the deal said were unacceptable. Iranian Foreign Minister Manouchehr Mottaki said Turkey would be obliged to return Iran's LEU "immediately and unconditionally" if Monday's agreement between Iran, Brazil and Turkey was not implemented. "Based on the agreement signed this morning, if the swap does not take place, then Turkey will be obliged to send back our dispatched uranium immediately and unconditionally," Mottaki said. Trita Parsi, director of Washington-based National Iranian American Council, said a potential breakthrough had been made in the long-running dispute, saying Turkey and Brazil had succeeded in filling a "trust gap." "But will the deal be satisfactory to the U.S.? With the details remaining unknown, it's impossible to speculate," Parsi said in an e-mail comment. (Additional reporting by Ramin Mostafavi in Tehran and Fredrik Dahl in Dubai; Editing by Dominic Evans) World Brazil Turkey Comments See All Comments (1) | Post Comment May 17, 2010 2:50am EDT The right economic sanctions works right on obama imax Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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