TEHRAN: Tokyo plans to sign an investment agreement with Tehran in an attempt to regain its market share in Iran following the July 14 nuclear agreement between Tehran and six world powers.
According to a report by The Nikkei daily on Friday, Iran and Japan are scheduled to sign the investment pact this week as Japanese Foreign Minister Fumio Kishida is visiting Tehran on Monday.
It said Kishida will meet with his Iranian counterpart Mohammad Javad Zarif to finalize the deal.
On Tuesday, chairman of the Japan External Trade Organization Hiroyuki Ishige headed a delegation of representatives from 30 companies and other organizations on a visit to Tehran.
Their visit came after Japan’s State Minister of Economy, Trade and Industry Daishiro Yamagiwa traveled to the Iranian capital in August to rekindle business ties.
Since the conclusion of nuclear talks between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, business executives and politicians from various countries have been shuttling to Iran to lay the groundwork for investment and trade.
The comprehensive nuclear deal would terminate all nuclear-related sanctions imposed on Iran after coming into force.
