Japan and Iran will sign a bilateral investment agreement later on Friday, as the sanctions against Tehran have been lifted, Japanese Foreign Minister Fumio Kishida told a press conference in Tokyo on Friday.
A preliminary agreement on the issue was reached between the sides in October 2015, during Kishida’s visit to Iran.
“Tonight, the investment agreement between Japan and Iran will be signed… I am very glad that it will be signed today,” Kishida said, reported sputniknews.com.
According to the diplomat, the deal will allow to expand the economic relations between the two countries and contribute to the implementation of agreements on the Iranian nuclear deal to promote peace and stability in the Middle East. The deal will be signed by the Kishida and Iranian Minister of Economy and Finance Ali Tayebnia in Tokyo.
The Japanese government decided to lift economic sanctions against Iran in January after the International Atomic Energy Agency (IAEA) verified that Tehran was complying with the nuclear agreement reached last summer.
Iran and six world powers — the United States, Russia, China, France, Britain, and Germany — signed a nuclear deal in July 2015 to guarantee the peaceful nature of Iran’s nuclear program.
Earlier in January, Japan’s Chief Cabinet Secretary Yoshihide Suga announced that Tokyo seeks to develop cooperation with Iran in line with the removal of economic sanctions introduced by the UN Security Council.