Japan activates Investment Agreement with Iran

News ID: 3941525 -
TEHRAN, Mar. 30 (MNA) – Japan’s embassy to Tehran issued a communique announcing the activation of the Tehran-Tokyo agreement of reciprocal support of investment in Iran and Japan.

“Japan received a notice from Iran on March 27 that the official ceremonies of the Islamic Republic of Iran, to put into practice the Iran-Japan agreement to reciprocally encourage and support investment in Iran and Japan, was finalized,” reads the communique released by Japan’s embassy to Tehran on Wednesday.    

“The agreement covers a host of full and comprehensive issues in terms of encouraging and supporting investment in Iran and Japan and with its implementation, it is expected that there would be more investment in these two countries and the economic relations between these two countries will be enhanced,” reads another part of the communique.

The agreement resulting in the Act to support Iran-Japan investment was passed by Iran’s parliament in late November 2016 and finally approved and put into law by the Guardian Council late in December 2016.

YNG/IRN82476788

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