Austria's Foreign Minister Sebastian Kurz on Sunday predicted that the termination of anti-Iran sanctions would open new horizons for Europe to increase its cooperation with Tehran.
The nuclear deal can provide "a new chance for a better cooperation between Europe and Iran, especially on the economic level," Kurz told reporters in the Austrian capital of Vienna, where Iran and world powers are trying to reach an agreement over the country's nuclear energy program.
Kurz went on to say that the possible termination of the sanctions would provide further facilities for cooperation with Iran.
He also expressed the hope that the ongoing negotiations would lead to a deal that helps establish peace and security in the world.
"We all hope that Iran nuclear talks would be successful because we think it not only would be helpful for the region but would bring peace, security and stability to the whole world," Kurz said.
As the host of the ongoing round of talks, the Austrian foreign minister further noted that his country would do its best to provide an appropriate atmosphere for the negotiators and reporters.
Iran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany) have been negotiating over the past 22 months to end more than a decade of impasse over Tehran's civilian nuclear program once and for all.
The two sides are busy negotiating in Vienna to clinch a comprehensive nuclear deal. The parties on Thursday gave themselves an extra week beyond an end-June deadline to nail down details of the long-awaited accord.
The long-awaited deal is expected to put an end to the anti-Iran sanctions that have obstructed Iran's trade with the world.