The Spanish foreign minister says the agreement clinched between Iran and the P5+1 over the Islamic Republic�s nuclear program has laid the groundwork for closer international cooperation.

On July 14, Iran and the P5+1 countries � the United States, Britain, France, China and Russia plus Germany � finalized the text of a nuclear agreement dubbed the Joint Comprehensive Plan of Action (JCPOA) in the Austrian capital, Vienna.

Under the JCPOA, limits will be put on Iran�s nuclear activities in exchange for, among other things, the removal of all economic and financial bans against the Islamic Republic.

Speaking at a joint press conference with his Iranian counterpart Mohammad Javad Zarif in Tehran on Monday, Spanish Foreign Minister Jose Manuel Garcia Margallo hailed the JCPOA, saying his country is considering cooperation with Iran on all fronts.

The top visiting Spanish diplomat underlined that the foreign ministries of Iran and Spain are to exchange delegations and sign a memorandum of understanding on mutual cooperation.

By Press TV