Proposed by Iran Standard National organization earlier on March 2017, APLAC was approved by cabinet and was presented to the Parliament to complete the legal procedure.
The bill is approved to extend active and purposeful presence of Islamic Republic of Iran in the international and regional organizations and communities and to take advantage of it in line with national interests.
President Rouhani also submitted Agreement on Promotion and Protection of Investment between Iran and Luxembourg to the Parliament.
The bill was proposed by the Ministry of Economic Affairs and Finance and approved by the cabinet on April 30, 2017.