In 2020, bilateral trade between Syria and the European Union fell to EUR 393 million, its lowest point in decades.
Just a couple of weeks after kicking out Rami Makhlouf’s company, the government has issued a tender for investors to manage duty free outlets at the country’s border crossings.
Syria’s free trade zones recorded a decrease in their activity in 2019, a worrying development given the low base of economic activity at the start of the year.
Bilateral trade between Syria and Turkey declined by around 9 percent in the first half of this year, Turkish official data show.
The Ministry of Transport is raising new fees on trucks crossing Syria, which will increase further the cost of transport to and from the country.
The General Organization of Free Zones (GOFZ) said that the revenues it generated during the first five months of this year increased by 25 percent compared to the same period of last year, although they remain very small relative to their 2010 levels.
Motor Show, a trade fair dedicated to the automobile sector, was held in the Damascus Fairgrounds between June 13 and 17 for the first time since 2011.
Updated on October 01, 2019: The Central Bank of Syria issued late April a list of goods it says should be prioritized for imports.
Jordan has banned the entry of 194 different types of Syrian goods into the Kingdom.
Jordan and Syria are to reopen a shared free trade area on their common border.
A first official crossing has opened between the Euphrates Shield Area and regime-held areas north of Aleppo.
Turkey has reopened to its truck drivers a key border crossing with Syria, raising tensions and protests from their Syrian counterparts.
The value of the import licenses granted to Syrian traders by the Ministry of Economy declined in the first three quarters of this year, official data indicate.
Two crossings between Idlib and regime areas are set to reopen two months after they were closed.
The Nassib border post between Syria and Jordan, which is a strategic trading point for the whole Levant region, reopened yesterday after three years of closure.
Two of four crossing between the regime and opposition areas in Idlib remain open, according to an opposition media.
The Syrian government has extended the list of imported products to reduce smuggling and meeting local demand.
The governor of the Gaziantep province has announced a new measure to encourage trade relations with northern Syria.
A Jordanian business delegation will be visiting Damascus soon to look for business opportunities and push for the reopening of the border between the two countries.
Formal trade between Syria and Lebanon last year increased for the first time since 2013.