Japan’s Abe Looks to Visit Iran
Economy, Domestic Economy

Japan’s Abe Looks to Visit Iran

Japan’s Prime Minister Shinzo Abe has informed the Iranian government that he wishes to visit the country this year—a first trip by a Japanese leader in 38 years.
Abe hopes to swing by around the time he goes to Kenya in late August. Now that the US and Europe have lifted their economic sanctions on Iran, Abe intends to take the initiative to strengthen economic ties between Japan and Iran, The Nikkei reported.
The last Japanese prime minister to visit Iran was Takeo Fukuda in September 1978. The US cut off diplomatic ties with Iran following the 1979 Islamic Revolution that toppled the pro-western monarchy. Since then, Japan has sent foreign ministers to Iran and taken other steps to maintain bilateral relations.
Iran is seen as a promising market, as it has the world’s largest natural gas reserves, fourth-largest oil reserves and a population of about 78 million. Japanese corporations that had sharply downsized their Iranian operations or pulled out completely due to the sanctions are expected to resume investment and exports.
Other countries also are moving aggressively to deepen ties with Iran. Chinese President Xi Jinping visited in January, while South Korean President Park Geun-hye is considering doing so.
With leaders of countries such as France and Italy also getting involved, Abe faced growing calls at home to make a trip soon before Japan falls behind rivals.
Any trip to Iran likely will be on the way to or back from a Japan-Africa development conference that Abe will attend in Kenya on Aug. 27-28. Business leaders in industries such as trading, automobiles and energy will likely accompany Abe.
The two nations signed an investment pact in February, which spells out protection of companies and investment assets.
Some within the Japanese government suggest that Abe also visit Iran’s regional rival, Saudi Arabia, which supplies some 30% of Japan’s crude oil imports.
Given the importance of Iran for Japan’s diversification of oil sources, Tokyo needs to conduct balanced diplomacy to maintain good relations with both nations without playing sides.

Short URL : http://goo.gl/x4b9XM
  1. http://goo.gl/VyFMr5
  • http://goo.gl/pYvMor
  • http://goo.gl/Km4Ilu
  • http://goo.gl/cDuZBB
  • http://goo.gl/4Mc1YU

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...