Iran Economy NewsIran-Japan trade likely to grow 16% in 2011, Iran...

Iran-Japan trade likely to grow 16% in 2011, Iran official says

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Bloomberg: Iran aims to increase trade with Japan by about 16 percent to some $14 billion this year, Press TV reported, citing Abbas Araghchi, the Persian Gulf country’s ambassador to Japan.

Bloomberg

By Ladane Nasseri

Iran aims to increase trade with Japan by about 16 percent to some $14 billion this year, Press TV reported, citing Abbas Araghchi, the Persian Gulf country’s ambassador to Japan.

Trade between Iran and Japan reached $12 billion in 2010, the Iranian state-run news channel reported, citing remarks by Araghchi yesterday.

Japan buys about 350 thousand barrels of Iranian oil per day, according to the Press TV, citing remarks earlier this year by Kinichi Kumano, Japan’s Ambassador to Tehran.

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