TEHRAN - The embassy of Japan in Tehran announced that the agreement on mutual protection of investment between Iran and Japan will enter into force April 26.

According to a statement published on Wednesday, the embassy received the notice regarding the completion of the agreement's administrative process from the Islamic Republic of Iran, IRNA reported.

The agreement cover a comprehensive and detailed blueprint regarding encouragement and protection of investments in the two countries and entering into force, it is expected that economic relations between Iran and Japan will increase significantly.

The Agreement was signed by Fumio Kishida, Minister for Foreign Affairs of Japan, and Ali Tayyebnia, Iranian minister of finance, in Tokyo.

The bill of reciprocal promotion of investments between the Islamic Republic of Iran an Japan was presented to Iran's parliament in November 2016 and it was approved by the parliament.

Source : TehranTimes