Iran’s foreign minister has said a 20-year cooperation agreement will be concluded with Venezuela during Nicolas Maduro’s trip to Iran in the coming months.

Hossein Amir Abdollahian spoke of the agreement during a joint press conference in Tehran with visiting Venezuelan foreign minister Felix Plasencia on Monday. He added that “We agreed to prepare a 20-year roadmap for cooperation between Tehran and Caracas.”

Iran has prepared a similar document with China, with its contents remaining obscure, which is a roadmap of expanded relations rather than a concrete bilateral treaty.

Amir-Abdollahian said a joint commission will prepare the document before Maduro’s trip to Iran.

While both countries are under heavy US sanctions which have pushed their economies into serious crises, Amir-Abdollahian spoke about Iranian goods being sold in Venezuela and investments opportunities in Iran.

President Ebrahim Raisi, who met with the Venezuelan foreign minister said later that Latin America “is a priority in Iran’s economic diplomacy” and a long-term plan must be prepared to “boost relations” to the maximum degree possible.

Plasencia said during the press conference that his trip to Tehran was his first foreign visit since he was named foreign minister in August.