Jan 20, 2016, 2:01 PM
News Code: 81928704
0 Persons
Japan determined to remove Iran sanctions

Tehran, Jan 20, IRNA – Japan is planning to lift sanctions on Iran, Foreign Minister Fumio Kishida said.

According to Japan Times, the Foreign Minister said that the “government will swiftly lift Japan’s sanctions on Iran based on a new U.N. Security Council resolution.”

The Japanese government “welcomes” Iran’s compliance with a final deal with the United States and the European Union, among others, on its nuclear program, Kishida said in a statement released Sunday after a joint announcement by the EU and Iran that sanctions against the Middle Eastern nation will be lifted, the newspaper said.

Tokyo will “swiftly implement measures based on the provisions of the U.N. Security Council Resolution 2231,” Kishida said. “Japan will further strengthen the historically friendly relationship with Iran. Japan will actively cooperate for the steady implementation of the final agreement (on the nuclear issue).”

To support the deal’s implementation, the government will send nuclear energy experts to Iran, officials said.

Tokyo also plans to work to ease heightened tensions between Iran and Saudi Arabia, a major power in the Middle East, by capitalizing on friendly relations with both countries, the Japan Times quoted the official as saying.

According to the newspaper, Japanese sanctions on Iran include a halt in investment in the energy field.

Japanese companies expect removing the punitive measures will boost economic relations with Iran, which is rich in oil, natural gas and other natural resources and has a market of 78 million people.

Kishida already visited Iran in October and effectively struck an investment deal stipulating protection of assets of Japanese firms investing in the country, foreseeing progress in Tehran’s implementation of the final agreement reached with the United States and five other major powers in July.

After scrapping the sanctions, probably this week, the government will conclude a formal investment pact with Iran, to help Japanese firms expand into not only oil but other market segments expected to attract economic reconstruction demand, such as the auto, high-speed rail and aircraft sectors, sources said.