Problems relating to Trade and Investment on Iran
26. Others |
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Issue |
Issue details |
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Reference |
| (1) Impact from International Economic Sanctions | - While further tightened economic sanctions in 2012 have driven major Iranian industries to a standstill, MFS has no alternative but follow the suit by restricting its activity. Whereas some deregulation in the economic sanctions took place, transactions remain prohibited with enterprises included in the sanction list. Since city banks remain thinking twice about opening new transactions, de facto sanctions continue. - In August 2013, the President Rouhani upon assumption of new administration set forth his stance for resolution of the nuclear issue through exchange of dialogues with EURO-American countries. With development of dialogues, on 24 November 2013, interim agreement was reached. It led to promulgation of Joint Plan of Action (JPOA) of 24 November 2013, followed by its implementation for 6-months, during which period, however, the parties failed to reach Comprehensive Agreement on nuclear consultation. It further delayed by 4-months, and then 7-months, without deregulating sanctions, while JPOA remains unchanged. The economic financial sanctions and restricted business environment continues. |
- It is requested that the economic sanctions against Iran is lifted. - It is requested that GOI takes steps to: -- proceed expeditiously toward the ultimate solution of the nuclear issues, and -- achieve removal of economic sanctions. |
- UN Security Council's resolution imposing sanctions against Iran - Measures taken by each country following the UN sanctions against Iran |
| (Improvement) - In July 2015 agreement was reached among 6-countries ( the U.S., EU, PRC, Russia), and Iran agreement was reached on the nuclear issues. - In September 2015, negotiation started between Japan and Iran on investment agreement, and in October agreement in substance was reached. - In January 2016, Japan lifted its economic sanctions against Iran. - In February 2016, investment agreement between Japan and Iran was signed. |
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