Retail & Trade

The second half of last year saw the opening of numerous shops in major Syrian cities offering cloths from famous international brands and allowing Syrians to purchase imported garments for the first time in decades
The Ministry of Economy and Trade has allowed the import into Syria of a new set of products, removing them from the negative list
Consumer habits are changing in Syria and the launch of several new commercial malls is among the most visible of these new trends.  
Trade has surged in Lattakia’s free trade zone (FTZ) in the first three quarters of this year.
The Ministry of Economy is reportedly preparing to remove from the Negative List, the vast majority of the items currently listed.
The Ministry of Economy and Trade has allowed the import of a news series of products.
The Ministry of Economy has released a new set of custom rates that bring down the duties levied for a list of products.
Works on a free trade zone in the city of Yaarubieh, located in the north-eastern province of Hassake have begun.
Migros, Turkey's biggest supermarket chain, is planning to establish a retail network in Syria, according to a company statement reported by Cihan news agency.
Bilateral trade with Russia stood at USD 460 million in 2005, according to Vladimir Yakovlev, Russia’s Minister for Regional Development.
Trade relations between Syria and India increased by 850 percent over the last eight years according to a communiqué from the Indian embassy in Damascus.
The private sector spent an estimated SYP 500 million (approximately USD 10 million) on social, cultural and humanitarian activities in the first eight months of this year according to a survey by PRC, a Damascus marketing firm.
The Syrian General Organization of Foreign Trade signed an agreement with the Holding Egyptian Company in order to import 100,000 tons of Egyptian rice at a cost of USD 43 million.
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...
According to Adnan Suleiman, Director-General of the General Organization of Free Trade Zones, total investments in the country’s FTZ reached SYP 1.793 billion in 2004.


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