Iran's trade with Japan growing despite sanctions: ambassador

08:38, July 04, 2011      

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Iranian ambassador to Tokyo said here Sunday that Iran's trade value with Japan amounted to 12 billion U.S. dollars last year despite the western sanctions, the official IRNA news agency reported.

"We are expecting trade value in the current year to reach 14 billion to 15 billion U.S. dollars," Abbas Araghchi told IRNA.

In light of the current friendly relations between the two countries, "the figure is expected to reach 17 billion U.S. dollars" in the future, Araghchi was quoted as saying.

Iran is one of the main oil suppliers for Japan, said the ambassador, adding that Iran and Japan are serious to promote the relations in different fields.

Iran is under expansive sanction pressures by the United States, European Union and other western countries over its controversial nuclear program, which the West believe are moving to the atomic weaponry developments. However, Tehran denied the allegations, saying that its nuclear program is for civilian and peaceful purpose.

Source: Xinhua
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