Japan aims to facilitate the return of its companies to Iran lest they fall behind European rivals which have been visiting the Middle Eastern country with an eye on the lifting of sanctions, The Nikkei daily said.
Kishida will meet with his Iranian counterpart Mohammad Javad Zarif in Tehran to confirm the terms, the worlds largest financial newspaper added.
Representatives of 15 Japanese firms are already in Tehran to participate in Irans biggest trade fair. They are among more than 300 countries from around the world in their quest for newbusiness opportunities in the country.
Among them is Nippon Steel and Sumitomo Metal, whose wares include seamless pipe for the oil and gas industry. NEC, which did business with the Iranian telecom sector before the sanctions, is displaying its network equipment and other technology.
On Tuesday, chairman of the Japan External Trade Organization Hiroyuki Ishige headed a delegation of representatives from 30 companies and other organizations on a visit to Tehran.
Their visit came after Japan's State Minister of Economy, Trade and Industry Daishiro Yamagiwa traveled to the Iranian capital in August with an aim to rekindle business ties.
[caption id="" align="alignnone" width="555"]
Iran's FM Mohammad Javad Zarif (2nd L) speaks with his Japanese counterpart Fumio Kishida (2nd R) at a meeting in Tokyo on March 5, 2014.[/caption]Iran accounted for 10% of Japans oil imports before sanctions cut them to five percent. The Nikkei has said Japan now wanted to raise the purchases to the previous level.
Toyo Engineering, which has built refining facilities in Iran, is looking into returning to Iran, Japanese media have said. Nissan Motor is also eyeing Irans huge market.
According to the Fars news agency, Suzuki Motor Corp and Iran Khodro have agreed on supplying the Iranian market with four new models of the Japanese automaker.
Iran is also interested in the Japanese technology for establishing high-speed rail in order to expand its intercity transportation, Deputy Transportation Minister Valiollah Afkhami-Rad said last month.
By Press TV
