Economic Consequences of Iran’s Accession to the Apostille Convention

Abstract

Iran’s accession to the Apostille Convention, aimed at facilitating the international authentication of official documents, may produce significant economic effects. This measure, through reducing administrative costs and processing time, increasing foreign investors’ confidence, and facilitating commercial exchanges, can contribute to improving the business environment and expanding Iran’s economic interactions at the global level. Accordingly, the present study seeks to answer the question: What are the economic consequences of Iran’s accession to the Apostille Convention? The research was conducted using a library-based (documentary) method, with data collection carried out through note-taking, and the analytical approach applied was descriptive–analytical. The findings indicate that Iran’s accession to the Apostille Convention can create a positive transformation in the country’s economic and commercial infrastructure. By eliminating administrative formalities and reducing the cost and time required for the authentication of official documents, this measure facilitates the business environment and enhances the confidence of economic actors and foreign investors. Consequently, international transactions become more efficient, commercial risks and transaction costs decrease, and the conditions necessary for Iran’s broader participation in global markets, as well as improvement in the country’s position in investment attraction and ease-of-trade indicators, are strengthened.