A 50-member trade mission from Luxembourg has arrived in Tehran on April 29 to hold talks with their counterparts from the Iranian private sector. Iran Chamber of Commerce, Industries, Mines and Agriculture, the official representative of Iran’s private sector, has hosted the delegation. The Luxembourg visitors included representatives of a wide range of sectors, including foodstuff, drinkables, financial and accounting affairs, financial advisory services, investment, construction, infrastructure, banking, insurance, marketing, industry, mining, entertainment and recreational centers.

Earlier in February, Iran and Luxembourg laid emphasis on the need for all the parties to a multilateral nuclear deal between Iran and six other countries to comply with their contractual obligations.

President Hassan Rouhani of Iran and Luxembourg’s visiting Foreign Minister Jean Asselborn stressed the importance of continued commitment to the deal on the part of the relevant parties during a meeting in the Iranian capital, Tehran on February 14.

During the meeting with Asselborn, President Rouhani also said that consultation and cooperation between Iran and Europe can help better deal with such problems as terrorism and extremism that are faced by all countries.

The Islamic Republic can also serve as both an energy source for Europe and a means of connecting it to the Indian Ocean and East Asia, Rouhani noted.

Back in October last year, Luxembourg’s Economy Minister Etienne Schneider visited Iran and held talks with his Iranian counterpart Ali Tayyeb-Nia on the further expansion of economic cooperation between the two countries in the near future.

Also on Tuesday, Asselborn and Tayyeb-Nia signed an agreement on encouraging mutual investments. The deal provides legal guarantees for the countries’ businessmen.