Iran Welcomes S. Korean Investments in Energy, Railroad

Iranian Parliament Speaker Ali Larijani reiterated the country’s willingness to promote relations with South Korea in all spheres, saying the Islamic Republic welcomes investments from the East Asian nation in energy and railroad sectors.

Speaking at a meeting with his South Korean counterpart on the sidelines of the second annual meeting of parliament speakers of the Eurasian states in Seoul, Larijani expressed his gratitude to South Korea for hosting the meeting “properly” and stressed the need to organize economic and financial cooperation among Eurasian countries.

The parliament speaker further pointed to Iran’s 6th quinquennial development plan and said Tehran is willing to accept South Korean investments in various projects, including in energy and railroad sectors.

He also described efforts to boost banking relations and facilitate visa as “a significant step” toward stronger ties between the two countries.

The speaker of the National Assembly of South Korea, for his part, described Tehran-Seoul relations as growing and said parliamentary ties can help promote relations among public and private sectors of the two countries.

The Iranian parliament speaker arrived in South Korea on Monday.

There has been a new wave of interest in ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal in July 2015 and started implementing it in January 2016.

The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated part of economic sanctions imposed on Iran.

(Source: Tasnim, under Creative Commons licence)

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