Subjects – Syria Report



The Syrian government has recently taken several steps to tax imports of several products - solar panels, sugar and ceramics - in a bid to benefit local factories in regime areas and to reduce its import bill to slow down the depletion of foreign currency reserves. The proposal to impose a USD 25 import tax on solar panels has sparked criticism, even among pro-regime media, given the electricity crisis and widespread power outages.
President Bashar Al-Assad issued Law 11 of 2024 on March 13, merging the two state-owned textile organisations – the General Organisation for Cotton Ginning and Marketing and the General Organisation for Textile Industry – to establish the General Company for Textile Industry. The merger intends to cut costs, modernise management techniques and improve flexibility in production, contracting and trade operations.
Since the arrival of the new Indian ambassador, Irshad Ahmad, to Syria last October, Mr Ahmad has immediately stepped up the economic diplomacy efforts. Yet, bilateral trade between India and Syria has declined since 2019.


This 9300-word report presents a detailed account of international sanctions on Syria. It delves into the American and European sanctions programs, exemptions, and challenges in enforcing sanctions.


Investing in commercial and tourist complexes, restaurants, and hotels; and import, export, and wholesale and retail trade of agricultural materials.
Designing software applications, databases, network sites, providing technical studies and consultations for information projects, and importing materials necessary for the company’s purpose.
Import, and wholesale and retail trade of musical instruments and gifts.