The first session of high level talks under the framework of the Islamabad Memorandum of Understanding have concluded in Burgenstock, Switzerland, with the participation of representatives from Iran, the US, and the two mediating parties, Qatar and Pakistan.

A joint statement issued following the talks says the parties have agreed to the establishment of a High Level Committee, which will provide political oversight on the mediation.

Chief negotiators will report regularly to the High Level Committee and lead working groups focused on nuclear, sanctions, and a monitoring and dispute resolution group to ensure the effective implementation of the MoU, and on other matters.

The High Level Committee has agreed upon a roadmap towards reaching a final deal within 60 days, laying the foundation for the immediate commencement of further technical talks. In addition, a communication line between the parties has been formed to avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz.

Moreover, the parties agreed on the creation of a de-confliction cell, between the parties, the Lebanese Republic and facilitated by the mediators, to ensure the adherence of the termination of military operations in Lebanon as per the MoU. Technical talks will continue for the remainder of the week at the Burgenstock resort on all issues.

It says the mediating parties will continue to do their utmost to ensure that the negotiations continue to be conducted in a constructive atmosphere with the aim of reaching a final deal.