Retail & Trade
In the next few weeks Syria will open a trade centre in a remote town in the Caucasus with the unlikely objective of boosting exports to Russia.
Syrian exports were at a record low last year, data indicate.
A Jordanian official has said that his government would consider an opening of a new border crossing with Syria, potentially enabling a resumption of trade ties between the two countries.
Business activity in Syria’s free trade zones continues to decline, potentially indicating a broader contraction of the Syrian economy.
Damasquino Mall, one of the largest commercial centres in Damascus, reopened its doors last week, a year after its closure.
In the first half of 2016, Syria’s trade with Lebanon continued to decline for the third year in a row.
The Syrian Exporters Federation has opened a business centre in Tehran to promote Syrian products in the Iranian market.
A border crossing between Iraq’s Kurdistan and Syria’s north-eastern region has been reopened after three months of closure.
Based on the trend since the beginning of this year, Syria’s exports should reach USD 1.1 billion in 2016.
Syria slightly reduced its trade deficit with Lebanon last year, according to data from the Lebanese customs.
The value of the goods shipped in and out of Syria’s free trade zones declined again last year, according to preliminary estimates.
Syria’s free trade zones shipped a total of SYP 84 billion worth of goods last year, according to official data.
Syria’s exporters federation has reached an agreement with Lebanon’s Ministry of Interior to ease the entry of its members into Lebanon, the head of the federation said.
The World Trade Point Federation has agreed to reopen its Syria branch after a closure that lasted two years, according to Syria’s export development agency.
The value of goods shipped into and out of Syria’s free trade zones dropped sharply in 2013.
Dama Rose Hotel
EDU 2011 Damascus