Japan Opens $10bln Credit Line to Finance Projects in IranSource: www.export-egypt.com 6/21/2016, Location: Asia |
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Japan confirmed reports that Tokyo has opened a $10 billion credit line for Iran to help finance projects and exports to the country.
"The Japanese government is preparing to send a high-ranking delegation to Iran and resume its extensive trade exchanges with Iran; an agreement on investment has been signed by the two countries and a $10 billion credit line has been opened by the Japanese government," Japanese Ambassador to Tehran Hiroyasu Kobayashi said in a meeting with Iran's East Azarbaijan Governor General. The Japanese envoy said that Iran and Japan have good views about each other, adding, "Our goal is to put into effect ideas for cooperation and we should make the best use of the existing opportunities." In late May, Iranian Deputy Foreign Minister Seyed Abbas Araqchi voiced Tehran's readiness to expand bilateral ties with Tokyo. "Iran and Japan had satisfactory relations during the sanction-era as the two countries managed to maintain their good mutual cooperation despite the difficult conditions of that time," Araqchi said in a meeting with his Japanese counterpart Shinsuke Sugiyama in Tokyo. The Iranian deputy foreign minister, meantime, thanked the Japanese government for opening a 10-billion-dollar credit line to facilitate the volume of trade exchanges with Iran, and said, “Continuation of this important step and making full use of this credit line to pave the way for participation of Japanese companies in Iran’s economic projects requires the two countries’ joint will.” Sugiyama, for his part, felicitated Iran on the occasion of striking a nuclear deal with the world powers and the implementation of the Joint Comprehensive Plan of Action (JCPOA). In February, Iranian Economy Minister Ali Tayyebnia and his Japanese counterpart Taro Aso in a meeting in Tokyo underlined the need for the further expansion of mutual cooperation between the two countries, specially in economic and trade fields. During the meeting in the Japanese capital, the Iranian and Japanese economy ministers explored the avenues for the bolstering and reinvigorating bilateral ties. "Cheap energy and labor in Iran and the region's big market are advantages for Japan in order to make its products competitive," Tayyebnia said. Aso, for his part, reiterated that his country is ready for transfer of technical know-how and joint investments in Iran's infrastructure projects. The Japanese economy minister said that Tayyebnia's visit to Japan can contribute to expansion of economic cooperation and boost the level of bilateral relations between the two countries. |
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