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Japanese firms seek business opportunity in Iran www3.nhk.or.jp
Japanese companies are promoting their products and technology in Iran where business opportunities will likely increase as economic sanctions were lifted.
More than 900 companies in and outside Iran took part in an international trade fair in Teheran on Wednesday.
Participants included many Chinese and European companies.
International economic sanctions over Iran's nuclear program were lifted in January. The demand for industrial machinery is expected to rise in industries such as manufacturing, construction, and energy development.
Organizers of the trade fair say the number of foreign companies has risen nearly 70 percent compared to last year.
The Japan External Trade Organization, or JETRO, set up a pavilion that is double the size of the previous year.
JETRO officials said smaller and regional companies, as well as major businesses, are becoming increasingly interested in the Iranian market.
An official of a company in Japan's Niigata Prefecture said the company's biggest advantage is the high quality of its products that can be used for a long time. The official said the company hopes to expand business in Iran where the market is expected to grow.
Published Date:2016-10-06
