Customs (303)

08-07-2013

The Syrian government has no more revenues because of the ongoing conflict and the destruction of the economy, the Syrian Prime Minister has said.

17-06-2013

Facing growing difficulties to supply foreign currencies to the market and as inflation continues to increase, the government imposed last week severe restrictions on import trade by the private sector.

03-06-2013

Syria’s imports of white sugar remained strong last year according to government statistics.

27-05-2013

Syria’s trade balance with Iraq was largely positive last year, a government official said.

13-05-2013

Bilateral trade between Iran and Syria declined by a third last year, according to an Iranian trade official.

18-03-2013

Syria’s formal inflation rate has remained at just under 50 percent in October and November, according to the Central Bureau of Statistics.

14-02-2013

The market for new cars in Damascus dropped dramatically last year according to the city’s transport directorate.

14-01-2013

Traffic at Syria’s two commercial maritime ports fell sharply last year, according to the Deputy Minister of Transport.

10-12-2012

The volume of trade in Syria’s free trade zones reached SYP 56 billion in the first ten months of the year, a figure that marks a strong decline from previous years.

05-11-2012

Trade between Turkey and Syria, once buoyant, continued to fall in the third quarter of this year.

22-10-2012
08-10-2012

Customs fees generated by the Syrian government fell 18 percent in the first eight months of this year over a decline in foreign trade, according to the Syrian Customs.

03-09-2012

The increase in Syria’s inflation rate accelerated in June to 36.10 percent on annual basis as the government hiked the prices of gas oil and cooking gas while food prices remained high.

06-08-2012

Trade with Turkey, one of Syria’s largest trading partners until last year, continued to dive and fell some 67 percent on an annual basis in the first half of this year, in line with the decline witnessed in the first three months of 2012.

23-07-2012

The rising violence of the last week took its toll on the Syrian Pound which crossed the level of 70 pounds per dollar in the black market and remained above that level at the beginning of this week in spite of some small gains.

23-07-2012

Syria’s state cement plants sold a total of 2.4 million tons in the first half of this year.

16-07-2012

Bilateral trade between Lebanon and Syria remained remarkably stable in the first five months of this year.

28-06-2012

The English transcript of the interview of Syrian President Bashar Al-Assad with Iranian TV on June 28, 2012.

18-06-2012

Syria ranked only 108th in the world in the latest edition of the Enabling Trade Index of the World Economic Forum.

11-06-2012

Syria ranked 92nd in the world in the 2012 edition of the Logistics Performance Index of the World Bank, a survey that measures the logistics “friendliness” of a country.

04-06-2012

Mohammad Jleilati, the Minister of Finance, has said that his government was finalising discussions with Russia to print money there, a move that signals a potentially growing economic dependency of the Syrian government towards Moscow.

21-05-2012

Syria’s inflation rate reached 30.7 percent in March on an annual basis, according to official statistics, more than double its rate of only two months earlier.

07-05-2012

Bilateral trade between Syria and Turkey fell 63 percent in the first quarter of this year compared to the same period of 2011.

30-04-2012

Syria and Iran have reduced customs tariffs levied on goods exchanged between them to 4 percent starting April 28, 5 years ahead of the target.

16-04-2012

The budget of the Damascus Governorate, one of the wealthiest in the country, will stand at around SYP 25 billion this year.

19-03-2012

The Ministry of Economy has announced that within a week it will publish a compulsory price list for key commodity items as the Government tries to calm rising anger over the continuing increase in consumer prices.

19-03-2012

The state-owned General Organisation for Textile Industy has contracted with an Iranian company to export some USD 30 million worth of yarns, a deal that would represent three times Syria’s 2010 exports to Iran.

27-02-2012

The Syrian Government has raised customs tariffs on a wide range of consumer goods, reverting further a decade-old policy of trade liberalisation and risking an additional increase in consumer prices in the local market.

23-02-2012

Updated February 23: The number of vehicles on Syrian roads rose 7.88 percent to 2.21 million last year, according to the Ministry of Transport.

22-02-2012

Syria and Iran will start applying on March 21 a bilateral preferential trade agreement, a deal the Syrian Government hopes will increase exports and partly reverse the impact of the steep decline in foreign currency earnings it is facing.

13-02-2012

Syria’s official inflation rate almost doubled in December, partially reflecting the steep increase in prices witnessed in the local market in recent weeks.

08-02-2012

Syria’s trade with Turkey fell 15 percent last year over the political unrest and the suspension of the free trade agreement linking the two countries although until the third quarter of 2011 year-on-year figures remained stable.

06-02-2012

Imperial Tobacco and JTI, two of the largest global tobacco firms, have acknowledged that their operations had been impacted by the unrest in Syria and the sanctions imposed by the EU and US on Syrian individuals and companies.

30-01-2012

Updated January 30: Exports of crude oil and related products represented almost half of all Syrian export revenues in 2010 – from a third in 2009 - a figure that confirms the significant impact that the ban imposed by the EU and other western countries on oil exports is having on the country’s foreign currency earnings.

16-01-2012

The Central Bank of Syria has removed the restrictions on the sale of foreign exchange to importers and again allowed local banks to sell foreign currencies to finance their imports.

11-01-2012

The English transcript of the speech of Syrian President Bashar Al-Assad at Damascus University on January 10, 2012.

09-01-2012

The Syrian economy has been greatly damaged by the crisis gripping the country, the Minister of Economy, Nidal Al-Shaar said.

09-01-2012

Taxes and fees collected in Damascus by the Ministry of Finance rose 11 percent in the first eleven months of last year, according to Al-Watan, a local daily.

08-01-2012

The Central Bank of Syria has increased the selling price of the Syrian Pound relative to the US Dollar to above 57 Pounds as it seeks to clamp down on the black market.

02-01-2012

Deteriorating political relations between Syria and Turkey are having an increasingly negative impact on Turkish companies doing business in Syria.

19-12-2011

The agreement establishing a Preferential Trade Area between Iran and Syria entered into force last week after the Iranian Parliament approved the bill for that purpose, at a time sanctions are having an increasingly serious impact on the Syrian economy. 

07-12-2011

Turkey is imposing a 30 percent customs tariff on all Syrian goods entering its territory in retaliation over a similar measure announced this week by Syria.

05-12-2011

The international community has continued to raise the heat on the Syrian Government through new economic sanctions with Turkey joining in and the EU announcing new significant measures.

28-11-2011

Transport, logistics and customs clearance; trade all kinds of materials including building materials, detergents and foodstuff 

21-11-2011

Updated November 21: The consumption of heating oil in Syria jumped last month as the coming winter season is leading a growing number of Syrians to store the product, while attacks on the distribution network are also disrupting supplies.

21-11-2011
17-10-2011

Gulfsands Petroleum has announced that it has not received payment for its August production, raising fears for the company's prospects as well as for the government's finances.

17-10-2011

A Presidential decree has increased customs tariffs on cars and other vehicles in an apparent bid by the government to reduce imports.