News ID: 239812
Published: 0321 GMT March 05, 2019

Envoy: Japanese firms hopeful of working with Iran

Envoy: Japanese firms hopeful of working with Iran

Japan’s ambassador in Tehran Mitsugu Saito said that the Japanese companies are hoping to work with Iran despite US sanctions.

Speaking at a meeting with South Khorasan Governor Mohammad Sadeq Motamedian, Saito said Japanese firms are seriously engaged with the sanctions but unlike European companies' withdrawal from Iran they are still working in the country, IRNA reported.

The US pulled out of the Iran nuclear with world powers in May and reinstated unilaterally sanctions on Iran which were lifted under the 2015 agreement. The other signatories — Germany, France, Britain, Russia and China — are trying to keep alive the deal by maintaining trade open with Iran. But many European companies abandoned Iran fearing US penalties. 

The Japanese envoy said the international community supports the deal – known as the Joint Comprehensive Plan of Action (JCPOA) – as Iran has abided by the multilateral accord.

Saito said Japan is ready to invest more in Iran upon the request of the Iranian government.

Motamedian elaborated on the economic capacities of South Khorasan, saying he welcomes Japanese companies' investment in the mining industry of the province which contains 76% of Iran coal resources.



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