TEHRAN (Tasnim) � Head of the Trade Promotion Organization of Iran Valiollah Afkhami Rad invited Japanese banks, insurance companies and other businesses to actively work in the Islamic Republic.

�(Iran�s) free trade zones are appropriate for the establishment of (branches of) Japanese banks and insurance companies,� Afkhami Rad said in a meeting with a high-ranking Japanese economic delegation in Tehran.

�During the sanctions period, Japanese banks were cautious about (working in) Iran,� he said, adding that the time has now come for them to boost cooperation with Iran.

The remarks come against the backdrop of a new wave of renewed interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran's economic growth would rise remarkably after the final nuclear deal takes effect.

By Tasnim News Agency