Iranian, Japanese Officials Confer on Industrial Cooperation

TEHRAN (Tasnim) – Iran's Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh and a high-ranking Japanese economic delegation, in a meeting in Tehran, stressed the need for closer ties in various fields, including automotive and rail industries.

Iranian, Japanese Officials Confer on Industrial Cooperation

In the Sunday meeting with the visiting delegation headed by Daishiro Yamagiwa, Japan’s vice-minister of Economy, Trade and Industry, Nematzadeh voiced Iran’s preparedness to promote mutual cooperation with the East Asian country in diverse spheres.

Iran has the world's largest hydrocarbon resources, he noted, adding that cooperation, investment and trade in this area can be a top priority.

The Iranian minister further emphasized that Iran is ready to cooperate with the Japanese companies in rail, automotive and telecommunications industries.

The Japanese official, for his part, said Tokyo is willing to boost economic relations with Tehran in various areas after the termination of anti-Iran sanctions.

"There should be durable and continued process for the expansion of cooperation," Yamagiwa stated.

The remarks come against the backdrop of a new wave of renewed interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran's economic growth would rise remarkably after the final nuclear deal takes effect.

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