Financial Tribune - The Financial Action Task Force blacklist means significantly increasing the cost of doing business with the outside world, a senior member of the Tehran Chamber of Commerce, Industries, Mines and Agriculture said.

Referring to the decision by the global anti-money laundering watchdog a week ago to put Iran on its blacklist, Hassan Forouzanfar said this will add to the already heavy foreign trade pressures on Iran.

�The decision has put a complete hold on our interaction�our trade relations will worsen and we could ultimately be forced to maintain our limited trade by spending more time and money,� IRNA quoted him as saying.