Jordan

During a recent meeting in Beirut, Syria, Lebanon, Jordan, and Iraq’s agriculture ministers agreed to boost agricultural cooperation and discussed the prospects of establishing a joint company to market agricultural products from each country. 

Last month, the SyrPetro oil and gas exhibition and the CemTech cement conference were held in Damascus, highlighting potential up-and-coming local and foreign players within these industries.

Kiev has announced that it will cut political and economic ties with Damascus after the latter recognised Luhansk (also spelt Lugansk) and Donetsk, two Russian-backed breakaway republics in eastern Ukraine. Kiev’s decision, which includes a trade embargo, will further deteriorate relations between the two countries and impact Syria’s trade-related foreign currency inflows. 

Syria, Lebanon, and Egypt signed on June 21 an agreement to import from Egypt 650 million cubic meters of natural gas per year through the Syrian and Jordanian territories.

Although the Jordan government has implicated Iran-backed militias, as well as Syrian military groups, in rising cross-border drug trafficking to Jordan, bilateral trade between Jordan and Syria has increased.

The Syria Recovery Trust Fund approved three early recovery projects in the Aleppo, Raqqa, and Deir-ez-Zor governorates for a total value of EUR 16 million.