TEHRAN, Iran, Jan.12
Trend:
Iran's lack of access to oil revenues is one of the most tangible issues that affect the country's economic reform, a board member of the Iran Chamber of Commerce told Trend in an interview.
"The first condition for economic reform is the ability to export oil. Iran has faced a shortage of foreign revenues that led to the devaluation of the national currency," Majidreza Hariri noted.
"Iran should sell its oil at any possible chance and use the revenue to build infrastructures. The oil trade might decline in the coming decades because of environmental and technological changes, so Iran might not have the opportunity to export. Oil will weaken as a fuel in the future years," he explained.
Another issue for Iran's foreign trade is that the country has not joined the Financial Action Task Force(FATF) conventions and World Trade Organization (WTO), Hariri indicated.
"Iran has implemented strict banking regulations against money laundering in the past decade and follows 40 recommendations, and only 2 FATF bills remained to be approved. The lack of Iran's accession to the FATF has become a pretext for political negotiations by solving this issue Iran would join the related conventions," he stressed.
Iran Expediency Council is yet to review the two bills related to the Financial Action Task Force, the global anti-money laundering watchdog.