Japan Looking for Business Deal with Iran ‘As Soon as Possible’

The implications of the Iranian nuclear deal have no bearing on Japanese business, after Tokyo stated Friday that it will begin bilateral negotiations on an investment pact with Tehran next week. 

Japan is aiming to establish a business presence in the Islamic Republic as soon as possible, a Japanese foreign ministry official told Reuters, while also making decisions on whether to uphold its ban on new investments in Iranian oil and gas projects. 

The official noted that the decision to lift sanctions will only 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 official said.

Businessmen, particularly from the European Union (EU), have been flocking to Iran to re-establish corporate ties since the announcement of a nuclear deal in July. 

In perhaps one of the biggest deals already established thus far, Iran secured $2 billion in trade deals with European companies just two weeks after the deal was announced. 

(Arutz Sheva’s North American desk is keeping you updated until the start of Shabbat in New York. The time posted automatically on all Arutz Sheva articles, however, is Israeli time.)

Source: http://www.israelnationalnews.com/News/News.aspx/200317

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