The Iran Project
: As a growing number of Iranian economic leaders stress the importance of joining the Financial Action Task Force (FATF) to enhance the country's global trade share, the head of the country’s Chamber of Commerce has stressed, adding that integrating with FATF would significantly benefit Iran's economy and improve international relations.
Saturday 14 December 2024 - 23:00
Story Code : 432745
Source : Iran Front Page
Iran pushes for FATF membership to boost global trade
“The country needs to resolve the FATF issue with coordination among all decision-makers and officials so that the country can have a larger share of global markets, and we need the FATF for developing global trade relations,” he added.
Currently, Iran has met 39 out of 41 FATF requirements, with ongoing deliberations over the final sticking points, namely Palermo and CFT conditions, he explained.
However, opponents argue that agreeing to the conditions would backfire on Iran’s economy.
Iran’s Minister of Economy Abdolnaser Hemmati has also earlier reiterated the administration’s commitment to resolving FATF issues, noting that US opposition hampers Iran’s removal from the blacklist, which restricts smooth banking and financial exchanges, limiting foreign investment and participation in global value chains.
Reporter : Editorial of The Iran Project
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