Japanese and Iranian officials reached an agreement which is far beyond any other credit line Japan has ever opened for any foreign country.
Japanese delegation led by Mr. Katsuyuki Kawai, Special Advisor to the Prime Minister Shinzo Abe is visiting Iran and has opened a special credit line for Iran. Ali Tayebnia, Iran’s Minister of Economy announced the news of a $10bn credit line on Tuesday after talks with Japanese delegation.
He promised the agreements would be immediately presented to Parliament and the Cabinet for further addressing, MNA said. He also invested much hope that with Iranian banking system resuming connection to international SWIFT exchange system, Iran and Japan would accelerate the pace of economic cooperation.
Tuesday meeting addressed mainly Iran’s development projects financing by Japanese side. Tayebnia reportedly welcomed Japanese superior technology and investments coming to Iran especially the public welcome to Japanese products in auto-making industry and special attraction Japanese car brands had for Iranian market. “Naturally, the first priority for us is to enable domestic firms to work and manufacture jointly with foreign prestigious companies,” Tayebnia told reporters.
Mr. Katsuyuki Kawai for his part, addressed the meeting where he welcomed rapid improvements in economic ties with Iran; “Japan’s public and private sector hails participation in Iranian projects of railroad and road transport, environment, agriculture, finance, research and laboratory, power plant and petrochemical projects, and industrial manufacturing,” he added.
“A visit by Mr. Tayebnia to Tokyo earlier this month was historic since it secured a credit line which is unprecedented in Japans promises to any foreign country; I am pleased to visit Mr. Tayebnia within two weeks. Tokyo is serious in implementation of the agreements in shortest of time, and recent visit by Mr. Shinzo Abe the Prime Minister will also seek this objectives,” he said.