Customs (316)

Hyundai was the most sold car in Syria last year according to a research conducted by Al-Iqtisad Wa Al-Nakl
An analysis of the latest trademark and intellectual property law in Syria by Kanaan Al-Ahmar.

Syria's first car assembly plant opened on March 8, in the presence of President Bashar al-Assad and Iranian Vice-President Parviz Davoudi.


The Ghreiwati Group has been selected to become the new agent for Jaguar cars, according to sources at Ghreiwati

The number of deaths from road accidents in Syria grew 25 percent last year and 66 percent over the last two years

Two Presidential decrees have enacted Syria’s new investment bill and created a new investment authority.


A visit to Syria by representatives from members of the Green Group in the European Parliament symbolizes a renewed interest in the signing of the Association Agreement.

Syria is the world fourth largest producer of pistachio thanks to a steady growth in planted trees and production
Transtour, an important local tourism and transport operator, is being dissolved.
Text of decree N°51.
The budget’s current expenditure is expected to see another significant rise next year according to Mohammad al-Hussein, the Minister of Finance.

Syria’s wheat production remained strong at 4.7 million tonnes according to the latest annual Grain and feed report of the Foreign Service of the US Department of Agriculture (FAS-USDA).

The Investment Bureau licensed a total of 558 investment projects last year according to its 2005 annual report.

The import tariffs on inputs for the chemical and metal industries have been reduced to 1 percent following a Presidential decree in that sense.


The Syrian Government has sharply raised the prices of cement and petrol to bring them more in line with world market prices, reduce the cost of subsidies and limit the size of the black market.

Tax collection in Syria is improving following a series of laws and decisions issued by the Syrian government in the last two years.
The Syrian Government is finalizing the country’s first Competition and Anti-Trust Law. To learn more on the content and background of the text, The Syria Report talks to Kanaan Al-Ahmar, who, as a member of the special committee set-up in the Mi...
The Syrian Customs' Directorate-General is undertaking a project to modernize Syrian Customs in collaboration with the Department of State Planning and the United Nations through the UN Development Program (UNDP) and the UN Conference on Trade and Deve...
Syria and the European Commission have launched an EUR 8 million project to modernize the Ministry of Finance through developing its tax administration and accounting and bringing customs procedures up to EU standards.
Syria has faced up to the levels of poverty in its country, with the release of a nationwide UNDP report, produced in conjunction with the State Planning Commission, showing that between 2003-2004 almost 2 million individuals, or 11.4% of the populatio...
A one-day Industrialists’ conference held on May 18 led to major gains for the Syrian private sector and a new, albeit surprising welcoming attitude from the government.
Six contracts were signed between Syrian and Turkish businessmen following a series of contact days through April in Damascus and the southern Turkish city of Ghaziantep for businesses in the food and textile sectors.
A special team of the Ministry of Finance is reported to be working on the set-up of a value added tax (VAT) in Syria.
On February 2 the Syrian cabinet endorsed a bill exempting Lebanese citizens from all entry taxes usually paid when they cross the border into Syria either by air, land or sea.
The Syrian General Customs Directorate is going to computerize all its operations under a USD 50 million project supported by the European Union and UNCTAD.
Syria and the European Union have formally concluded their negotiations on an Association Agreement between them by initialling the text on October 19 in Brussels.
Part 1 of this article highlighted the main provisions related to the establishment of joint stock and limited liability companies under the Draft Company Law.
A number of administrations are expected to undergo reforms. The ministry of finance is expected to take a greater role in formulating economic policies.
Car prices in the Syrian local market are expected to fall by as much as 25% following the new pricing method the customs directorate has adopted.
Saipa Corporation, an Iranian car manufacturing company has signed an agreement with a Syrian private firm, Hamish Co. to build a 15,000 car a year plant, according to the Iranian News Agency.
According to preliminary figures recently released by Syria's General Customs Directorate and reported in Teshreen daily, Syria's export sales witnessed a significant decline in 2003 to SYP 247.804 billion (USD 4.76 billion) from SYP 316 billion (USD 6...
The Ministry of Economy has finalized a new draft law for the set-up of an export promotion agency (EPA).
Syria's 2004 budget has been passed by the Syrian Parliament and ratified by the President of the Republic on the last day of the year.
Abdallah Dardari has been named at the head of the State Planning Commission.
The Higher Investment Council approved 115 investment projects in its 9th meeting of the year held on August 30.

The importance for Syria to develop its economic and business ties with Turkey has grown following the temporary closure of the Iraqi market for Syrian businessmen.

Syria’s economic and business relationship with Turkey has grown in importance after the closure of the Iraqi market to Syrian businessmen.
A Syrian Business Council (SBC) has been officially launched in the United Arab Emirates.
One of the most significant direct consequences of the landmark Law N°10, passed in 1991 to provide a more friendly environment to private sector investment, was the complete overhaul of the national transport sector.
The Government is set to approve and send to Parliament a number of long-awaited laws. Among them is a new Commercial and trade law as well as a new customs law.
The Syrian Government has finalised its draft text on the economic reform programme (ERP) it hopes to put in place in order to overhaul the Syrian economy and help it overcome the strong structural obstacles and stagnant economic growth it has now been...

In spite of an official desire, in both Damascus and Beirut, of a strengthening of the economic relations between the two countries, the official level of bilateral trade continues to remain extremely modest and even witnessed a sharp fall last year.

In spite of an official desire, in both Damascus and Beirut, of a strengthening of the economic relations between the two countries, the official level of bilateral trade continues to remain extremely modest and even witnessed a sharp fall last year.

Besides the discussions on the reform of Investment law N°10 which have been going on for several months now, the Syrian government has also been working on the set-up of new Hi-Tech economic areas.

Many reasons, not always convincing, have been put forward to explain the difficulties Syria has in attracting foreign investments. Less attention has been given to the hurdles faced by its local industrialists in the day-to-day running of their business.

The visit to Damascus of Turkish State Minister Kursat Tuzmen, at the head of a 200 strong business delegation, provided him with the opportunity to offer Syria several trade boosting propositions.

The Syrian President issued on January 28 a new decree regulating investment in the country's free trade zones (FTZ).


The growing integration of Syria to the regional and world economy has been one of the most important aspects of its economic policy in the last 3 years and its rising exports are believed to be one of the main factors behind last year's resumed economic growth.

The number of Investment projects that have been approved by the Higher Investment Council has sharply risen in 2002, according to Mustafa al-Kifri, head of the Investment Bureau (IB).
Syria and the United Arab Emirates have signed a bilateral agreement scrapping customs duties and taxes on all national commodities produced in the two countries with effect from 1 January 2003.
Syria is to unify the different currency rates it applies to its imports.