Baku, Azerbaijan, June 9
By Elnur Baghishov - Trend:
Iran's share in Japan's oil market is about 4.7 percent, a member of Iran-Japan Joint Committee of Commerce Abolfazl Roghani Golpaigani told IRIB, Trend reports.
Japan is one of the important customers of Iranian oil, Golpaigani noted.
Golpaigani noted that in 2018 and 2019 China ranked first in the list of the export destinations of Iranian oil, and China was followed by Japan and South Korea in the ranking.
Earlier, Japan has invested in numerous petrochemical projects in Iran, Golpaigani said, adding that the upcoming visit of Japanese PM in Iran may increase cooperation opportunities.
So, Japanese investments and technologies may be brought to Iran, and on its behalf, Iran may increase trade turnover of petrochemicals and other goods with Japan, he noted.
Commenting on the Iran-Japan trade turnover, Golpaigani noted that Iran has a huge market and possesses numerous investment opportunities. Based on Statistics, Iranian market can attract $50 billion of foreign investments, he added.
Golpaigani expressed hope that bank transactions between the two countries will be restored after the visit of the Japanese PM.
In the period of March 21-April 20, 2019, Iran's exports to Japan amounted to $400,000, while imports from Japan equaled to $2 million.
Japan's Prime Minister Shinzo Abe's visit to Iran is scheduled for June 12, 2019.