(MENAFN) Iran has been recently rushing Japan to speed up its procedures to start the application of a major USD10b credit package for investment in the Republic.
The world's 3rd largest economy sealed a joint investment treaty and an agreement for a USD10 billion debt guarantee for Iran in Feb after reaching the nuclear deal.
Moreover, Tokyo removed sanctions on Tehran back in February to allow Japanese firms to invest in Iran's oil and gas segment after the nuclear agreement was bagged.
For the debt guarantee, Iran will use export credits by Nippon Export and Investment Insurance or special loans arranged by the Japan Bank for Global Cooperation.
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