Japanese ambassador to Iran said Mon. his country is preparing to send a high-ranking trade delegation to Tehran and resume high level of economic relations with the Islamic Republic.

Hiroyasu Kobayashi, Japan’s Ambassador to Iran, in a meeting with Governor of Eastern Azerbaijan Esmaeil Jabbarzadeh on Monday, said various MoUs have been signed between Tehran and Tokyo in the past eight months and all major Japanese companies in Tehran have increased their staff two to three times.

“The signing of an investment MoU and the opening of a $10 billion credit line are very promising for the implementation of big project in this country,” he said.

Iran-Japan’s first economic MoU was signed in February in the presence of Iranian economy minister and Japanese Foreign Minister Fumio Kishida. During the meeting, the two sides also reached an agreement to open a $10 billion credit line for financing the country’s projects and developing foreign investment capacities.  

The Japanese envoy added that Japan is also participating in environmental projects and the revival of Lake Urmia; “This is the third consecutive year that Japan has contributed $1 million to the UN for the revival of Lake Urmia, and various projects in social and economic fields have been executed in this regard,” he said.

“Holding conferences is the best step toward expanding cooperation and we are ready to cooperate with East Azerbaijan in various areas, particularly in agriculture, environment and tourism,” he said.

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    Considerations for investing in infrastructure: What do Japanese investors need to know about the current market when constructing their portfolios?
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Iran and Japan have signed a cooperation document on capacity development for integrated management of water resources.

The final technical cooperation document at phase two of the project to develop capacity of integrated management of water resources in Sefidrud basin was sealed and exchanged by advisor to the Iranian Minister of Energy as well as Masahiro Ueki, Senior Representative of Japan International Co-operation Agency (JICA).

During the signing ceremony, which was attended by JICA experts and Iranian officials, the parties expressed adherence to all provisions of the proposed document emphasizing on joint cooperation for making the objectives operational and for providing required reports during the project.

The newly-signed document, which is anticipated to become implemented in four years, will pursue the following purposes with active participation of stakeholders from various Iranian provinces:

1- Transparency of sources and uses of water in Sefidrud catchment area based on natural conditions and terms of utilization of water resource development projects

2- Strengthening consensus building skills, planning and designing implementation mechanisms in view of the allocation of water to different regions with priorities of drinking water supply, dams, water resource development projects, groundwater, water quality, water conservation and etc.

3- Decision making and building consensus among various stakeholders on the guidelines provided in the coordinated management of Sefidrud basin water resources.

4- Prioritizing operational issues and programs agreed upon in the catchment area.

Accordingly, the JICA expert delegation, during their stay in Iran, held variousl technical meetings at department and office levels and, while visiting water resources in numerous Iranian provinces located in Sefidrud basin, launched similar meetings with provincial stakeholders aiming to attract opinions as well as to encourage their active participation during the project execution.