Japan Readies Iranian Business Connections
Tokyo sending delegation to Tehran for bi-lateral investment negotiations in wake of historic nuclear accord.
Japanese officials said Friday that Japan will begin bi-lateral negotiations on an investment pact with Tehran next week.
Japan is aiming to establish a business presence in Iran just as soon as possible, a Japanese foreign ministry official said, while also making decisions on whether to uphold its ban on new investments in Iranian Crude Oil and Nat Gas projects.
The official noted that the decision to lift sanctions will be made after carefully watching the international community’s moves.
“We are aiming to reach an agreement as soon as possible, but nothing is definite,” the Japanese official said.
Businessmen the world over, particularly from the European Union (EU), are traveling to Iran to re-establish corporate ties since the announcement of a nuclear deal on 14 July with the 6 UN world powers lead by the US.
In 1 of the biggest deals established to date, Iran secured US$2-B in trade deals with European companies just 2 weeks after the nuclear accord was announced.
Have a terrific holiday weekend.
HeffX-LTN
Paul Ebeling
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