Iran’s investment policy criticized by Japanese delegation
An 80-man delegation which recently visited Iran reportedly criticized the nation’s foreign investment policies, according to Seda-ye Edalet.
The delegation, comprised of various representatives from Japan’s private and state economic community, claimed that Iran’s leaders were not doing enough to further develop bilateral relations between the two countries.
They added that few investment opportunities existed for them in Iran, despite the nation’s investment law. They did, however, express satisfaction over the reelection of President Khatami.
Iran’s Minister of Commerce Mohammad Shariatmadari responded that his government’s policies, especially its new tax law, have in fact been effective in removing investment obstacles and in general, facilitating ties with foreign nations.
He added that Iran’s geographic location was also an added factor for investors; nearly six million tons of goods were transferred through the country last year.
A representative from Iran’s Budget Committee was reported as saying that those who do not approve of Iran’s investment policies, which he deems as excellent, should refrain from investing in the country.
Nonetheless, a call was made to Japanese investors by Alinaqi Khmushi, Head of Iran’s Chamber of Commerce, Industry and Mining, to investigate possible investment opportunities in the Iranian mining industry.
Nearly one-third of Iran’s imports and exports last year were with Japan, valued at some $6 billion. –(MENA Report)
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