Iran will submit its reply on Monday to the latest nuclear proposal presented by the European Union (EU), Foreign Ministry Spokesman Hamid-Reza Asefi said on Sunday.

"We have scrutinized the proposal and is preparing our reply to it, which will be delivered to the Europeans by tomorrow," Asefi told his weekly news briefing.

He reiterated that the EU comprehensive proposal was unacceptable for it failed to secure Iran's basic nuclear right.

"They did not provide necessary guarantees of Iran's rights in political, security and economic fields or secure our right to get nuclear fuel cycle," Asefi said.

He further noted that Tehran would restart the uranium conversion facilities in the central city of Isfahan as soon as the inspectors and supervisory equipment of the UN nuclear watchdog will be in place on Monday.

"A team of inspectors of the International Atomic Energy Agency (IAEA) are scheduled to arrive in Isfahan on Monday, and after their extra surveillance equipment is installed, we will resume the work there," the spokesman said.

Ambassadors of the European trio of Britain, France and Germany to Tehran on Friday delivered their comprehensive proposal to end the Iranian nuclear standoff.

The 34-page document recognized Iran's right to develop its own nuclear cycle under the Non-Proliferation Treaty (NPT), but also urged it to halt the uranium enrichment program in order to provide the confidence that its nuclear research would not be used for military purpose.

The EU trio, the longtime brokers of the Iranian nuclear issue, urged Tehran to accept the proposal or its nuclear case would be transferred to the UN Security Council as what the United States had called for.

The IAEA also announced that its Board of Governors would hold an emergency meeting on Tuesday under the call of the European trio to discuss Iran's planned resumption of uranium conversion activities.

Iran has repeatedly stressed that it would reject the EU proposal if it did not allow Iran to continue its uranium enrichment.

Under the agreement reached by Iran and the EU trio in Paris in October 2004, Tehran suspended all activities related to uranium enrichment one month later, but insisted that it was just a voluntary and temporary move, which was subject to resumption under its own will.

The United States has accused Iran of developing nuclear weapons under the disguise of civil usage, a charge rejected by Tehran, who insisted that its nuclear program is for peaceful purposes.

Source: Xinhua