Iran and Saudi Arabia have agreed to establish a Joint Economic Commission to expand economic and trade relations between the two countries.

It was decided during a at meeting between Iran's Foreign Minister Hossein Amir Abdollahian and Saudi Foreign Minister Faisal bin Farhan in New York on the sidelines of a United Nations General Assembly.

The two diplomats expressed satisfaction over reopening of embassies and the exchange of ambassadors in Tehran and Riyadh.