Customs (316)


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


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


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.


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.


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


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. 


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.


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.


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


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.


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.


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


Syria’s inflation rate remained largely under control in the last few months, according to data from the Central Bureau of Statistics, although figures are not yet available for the period that followed the temporary import ban.


Only a few days after it imposed a wide scale ban on imports, the Syrian government reversed its decision, confirming that it had no clear economic strategy without dispelling fears on the state of the country’s foreign currency reserves.


Syria is considering joining a customs union with Russia, according to AbdulFattah Ammoura, the country’s deputy Foreign Minister.


Movie theatres will be exempted from customs duties on the import of their equipment as well as from other taxes for a period of 5 years in a move aimed at boosting their operations.


The Syrian government has announced that it is rescheduling the debts of farmers and manufacturers that had contracted loans with state-owned banks in a bid to ease the financial pressures on them. 


Following growing outcry from Syria’s business community, the Syrian government has decided to expand the list of products exempted from the import ban announced on September 23.


Syria has banned the import of all products with customs tariffs of more than 5 percent, a move that signals growing nervousness over the country's foreign currency reserves and also dents into the profits of many prominent businessmen that have built their wealth on import trade.


The Syrian President has set his seal on a preferential trade agreement linking Syria with Iran that will see customs tariffs between the two countries gradually lowered in the next five years.


The Syrian government has reduced import tariffs on a wide range of consumer products and manufacturing inputs in a bid to reduce costs, as the month of Ramadan, a period of the year when demand peaks and prices rise, is set to begin.


Syria’s inflation rate measured on annual basis stood at 2.80 percent in April, from 2.74 percent in March and 4.22 percent in February, according to the Central Bureau of Statistics and the Central Bank of Syria.


The Syrian Government plans to finance its expenses by increasing its deficit and to review free trade agreements signed with partner countries, according to the Syrian President, who gave the first hints of what Syria’s future economic policy will be during a meeting with business representatives.


The number of  deaths from car accidents decreased last year in Syria, according to the Ministry of Transport.


The Minister of Social Affairs and Labour, Radwan al-Habib, has announced that the government is moving ahead with two schemes to employ more than 100,000 university graduates in the private and public sectors over the next 5 years.


Syria’s inflation rate fell to 4.22 percent on a year-on-year basis at the end of February 2011, according to the Central Bank of Syria.


Zara, the global clothing retailer, opened its first store in central Damascus on March 30.


The series of economic measures announced last week by the Syrian government are expected to represent a severe drain for the Treasury and create serious inflationary risks.


The Ministry of Transport has issued new rules regulating the car rental industry, a sector that was until then very loosely regulated.


Syria’s inflation rate continued to increase as the year began and stood at 7.13 percent on a year-on-year basis at the end of January, from 6.32 percent a month earlier, the Central Bank of Syria said.


General trading, import, export and re-export through land and sea and air cargo; internal transport; storage and assemble land and sea shipments; land and sea and air transit cargo services; marketing of national and foreign maritime companies; customs good clearance services 

Trade, import, export; goods customs clearance services

General Trading; projects management (except tourism projects); open and invest commercial shops

The number of vehicles registered in Syria stood at 2,051,977, including 838 thousand passenger cars, at the end of 2010, according to the Ministry of Transport.

The implementation of the Value Added Tax in Syria will await “the appropriate conditions and time,” according to the Minister of Finance.

Taxes and customs fees on a number of widely consumed food products have been reduced in Syria following two Presidential Decrees enacted on February 15.

The Syrian Investment Agency awarded 400 investment licenses to projects across Syria in 2010, including more than half in the manufacturing sector, a figure well above the previous year’s number.


Revenues from custom fees and tariffs increased by 16 percent last year as the Syrian Government is seeking new sources of money to fund its budget.

Syria’s budget deficit in 2009 stood at SYP 46 billion, or 1.69 percent of GDP, according to the final figures from the Ministry of Finance, well below the Government’s initial projections.

A new Presidential decree, passed on December 1, has increased customs fees by 70 percent on cars with engine sizes above 3,000 CC, according to Al Watan, a local daily.


Bahi Motors, the Syrian dealership of BMW, the German car manufacturer, has announced a year-on-year increase of 22 percent in its sales at the end of September 2010.

The number of investment projects that were licensed by the Syrian Investment Agency in the first nine months of this year, or a year-on-year increase of 74 percent.

Monoprix, a French supermarket chain, opened in first store in Syria on September 23.


Scabal, a European fabrics and luxury menswear manufacturer, is opening its first store in Damascus.


In a story published on July 26 we had reported that Syria became in 2009 a major source of medicines entering the European market in violation of intellectual property rights, according to the European Commission Customs Office.


The Fast Moving Consumer Goods sector or FMCG is a booming sector in Syria, following the liberalization of foreign trade, the establishment of free trade areas with Arab countries and Turkey and the general decrease in customs tariffs on imports.