Customs (316)


In a trade fair organized in Beirut last week, Syrian garment exporters managed to clinch contracts worth dozens of millions of dollars.


Syria’s customs revenues declined a further 10 percent in nominal terms last year, according to preliminary data.


The Syrian government is reducing customs duties on food imports as the low local production is creating shortages and raising prices.


Government data have confirmed a dramatic plunge in Syria’s foreign trade in the last two years.


Syria’s car market fell dramatically in the last three years, according to a government official.


Revenues generated by the customs department continue to decline this year as a result of the fall in Syria’s foreign trade activity.


The English transcript of the interview of Syrian President Bashar Al-Assad with Italian Rai News on September 29, 2013.


Trade between Lebanon and Syria surged in the first half of this year, according to official statistics.


A Presidential decree issued on Sunday has banned all commercial transactions in any currency other than the Syrian pound, in a bid to stem the decline of the local currency.


Syria’s car market continued to fall dramatically last year, according to government statistics.


The increasing risks associated with transporting goods through Syrian territory have led to a sharp rise in insurance premiums.


The government’s revenues from customs tariffs and fees declined last year on the back of falling foreign trade.


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


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.


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


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


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


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


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


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


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.


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


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.


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.


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.


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.


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


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


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


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


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.


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.


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.


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


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.


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


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.


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.


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.


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.


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.


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


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.


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.


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.


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.