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Iran holds talks with Japanese firms on financial co-op

Business Materials 15 December 2016 14:27 (UTC +04:00)

Baku, Azerbaijan, Dec. 15

By Fatih Karimov – Trend:

Iran has recently held talks with Japanese firms on economic and financial cooperation, Mehdi Karbasian, head of the Islamic Republic’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), said.

Karbasian said he negotiated with officials of Nippon Steel & Sumitomo Metal Corporation and Mitsubishi during his recent visit to Japan, IMIDRO website reported.

The firms expressed hope that they would boost their activities in Iran’s economy as the Japanese administration has increased economic cooperation with Iran.

Japan, which is keen to take the biggest piece of the Iranian market, is showing a serious will to strengthen economic ties with Tehran.

Last February, the two countries signed a memorandum of understanding worth $10 billion in mining sector.

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