Cotton (204)


Manufacturing, dyeing, knitting of cotton yarn  


The steep decline in Syria’s agricultural output is primarily due to the reduction in state subsidies to farmers, according to a report by the Agricultural Workers Union.


The English transcript of the interview of Syrian President Bashar Al-Assad with the Wall Street Journal on January 31, 2011.


Syria’s production of seed cotton declined by a quarter last year, and by a half compared to two years ago, as difficult climatic conditions and infections impacted the crop, according to the Ministry of Agriculture.

The Syria Government has raised SYP 13 billion from local banks to finance its 2010 cotton crop, according to a local media.

The Ministry of Finance is issuing on December 13 SYP 2 billion worth of Treasury Bills with maturities of three and six months, the first issue of Government securities in decades.


Taxes and fees are expected to represent an increased share of government revenues next year, while salaries of civil servants will remain unchanged, according to newly available details on next year’s budget.

The Government is providing the newly-established Export Development and Promotion Agency (EDPA) with SYP 8 billion to finance exports in the remaining months of 2010.

Procurement prices for seed cotton paid by the Cotton Marketing Organization (CMO) to farmers will stand at SYP 42.00 (USD 0.91) per kilogramme in the coming season for the crop bought before November 15.

Syria’s President, Bashar Al-Assad, has concluded a ten-day tour to Latin America, the first ever by a Syrian head of state to that continent.

The Syrian President has issued two new decrees to speed up the transfer into modern irrigation techniques and organize the overall cotton industry and market.

Syria’s 2009/2010 cotton crop is estimated at 660,000 metric tons of raw (seed) cotton grown on 165,000 hectares, some 25 percent below planned production.
Syria’s production of wheat is expected to increase by some 10-15 percent during the 2010/11 crop as rainfalls during February were good, a report from the US Department of Agriculture said.

Profits at Al-Ahliah Vegetable Oil (AVOCO) have fallen 10 percent to SYP 80.1 million, according to the company’s financial statements.

The state institution in charge of reclaiming lands in the Euphrates basin will add some 23,000 hectares of cultivable land in 2010 at a cost of SYP 9 billion.
The White House announced on February 16 the appointment of Robert Ford as its new ambassador in Damascus, five years after the withdrawal of the previous American ambassador in Syria.
After a severe decline in 2008, Syria’s major agricultural crops posted a recovery in 2009, according to data from the Ministry of Agriculture.

Manufacturing Trico, cottons and ready clothes


Syrian textile manufacturers have been severely impacted by trade liberalization and the global crisis. The Ministry of Industry and the United Nations Industrial Development Organization (UNIDO) have launched a programme to increase the competitivenes...


The Central Bank of Syria (CB) has issued a decision allowing local banks to finance the purchase of cotton for the coming season by the General Organization for Cotton Ginning and Marketing.
Iraq was Syria's main trading partner last year according to data from the Central Bureau of Statistics.
Syria’s wheat crop stood at 3.7 million tons in 2009, below a planned level of 4.1 million but well above last year’s crop of 2.1 million tons, according to the Ministry of Agriculture.

The Ministry of Economy and Trade updated last September its “Negative List”, which includes all the products that are banned from entering Syria.


Production of cotton strings and fabrics


Advertising, public relations and marketing


The Ministry of Finance has deposited SYP 1 billion (some USD 20.8 million) in the account of the Agricultural Support Fund opened at the Agricultural Cooperative Bank.


A Syrian business delegation will be visiting Austria and Slovakia on April 28 and 30 to seek new business opportunities. 


The United Nations is making an unprecedented call to raise USD 20 million to support over 1 million Syrians that have been affected by the recent drought.

Syria’s trade deficit increased three-fold in 2007 to reach USD 2.1 billion, the highest level in over two decades.
State-owned industrial firms posted combined profits of SYP 9.9 billion (USD 215.2 million) in 2007, from SYP 12.4 billion a year earlier.
The establishment of the Agricultural Support Fund by the Syrian Government is expected to streamline and provide more efficiency to its agricultural policy.

There is a political decision not to increase the price of bread and of basic food items, Prime Minister Naji Al-Otri said, amid growing concerns over spiralling food prices.

The Ministry of Economy and Trade has published a new list of items authorized for imports in Syria.
The Ministry of Economy and Trade has published a new list of items authorized for imports in Syria.

Al-Ahliah Vegetable Oil Company (AVOCO) has announced a significant increase in both sales and profits in 2007.


The General Organization for Cotton Ginning and Marketing (CGMO) posted after-tax profits of SYP 3.5 billion (USD 70 million) in 2007, according to its Director-General, Nazir Lababidi.

The US Census Bureau has published a detailed breakdown of US-Syrian bilateral trade in 2007.
The State Planning Commission is organizing a 2-day conference in Deir-ez-Zor to promote investment in the eastern part of Syria.

The Syrian Investment Authority has licensed 18 investment projects worth a combined SYP 9.5 billion in its latest session on July 19.


Syria’s wheat, barely and cotton crops have been hardly hit by poor weather conditions, according to the head of the planning department at the Ministry of Agriculture.

Syria’s total foreign trade volume rose to SYP 1 trillion (USD 20 billion) in 2006, an annual increase of 12 percent, according to preliminary estimates from the Central Bureau of Statistics.
Syria’s production of cotton is expected to drop by a third in the 2006/2007 crop to 650 000 tons

The value of crude oil exports represented only a third of total exports in the first nine months of 2006, according to preliminary data published by the Central Bureau of Statistics.