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Iran's private sector needs to develop to enter international markets

Business Materials 15 January 2020 16:20 (UTC +04:00)
Iran's private sector needs to develop to enter international markets

TEHRAN, Iran, Jan.15

Trend:

Iran's private sector is not active in global markets, since the country's private companies do not have needed skills to be competitive, said member of Iranian Oil, Gas and Petrochemical Products Exporter's Union (OPEX).

"There is also lack of capabilities to train private sector representatives," said Pedram Soltani, Trend reports citing IRNA.

"The country's regional and global partnership is rather weak, as it is not a member of Shanghai Cooperation Organization or World Trade Organization. Meanwhile, the issue of bills related to Financial Action Task Force (FATF) has not been resolved," Soltani said.

"Iran's membership in FATF has been approved, so in case Iran disapproves the related bills, it will be among countries that are not memberstates of the convention," the member of OPEX added.

"Missing the FATF deadline over Iran's accession to United Nations Convention against Transnational Organized Crime and combating the financing of terrorism (CFT) would increase the difficulties of money transfer and work of businessmen," Soltani said.

Furthermore, the country's passport is on the 186th place among 199 countries, and this also creates problems for economic trade, he noted.

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