In a meeting with a European Union representative, the Syrian Minister of Economy, Mohammad el-Imadi, assured that Syria was not subsidising its exporters of clothing and apparels and that it was not dumping the export price of cotton yarns.
According to Teshreen, exports from public sector enterprises reached US$3.6 billion in the first 9 months of the year. Oil represented the bulk of that figure with US$2.1 billion.
The Syrian government is planning to merge the different agencies that are in charge of managing the public sector foreign trade, reported Al Sharq al Awsat.
The Saudi government is in talks with six Arab and Muslim states to sell off its stake in seven joint-venture companies, including the Saudi-Syria company for industrial and agricultural investment, said Al Mustaqbal.
Issam al-Zaim, the Minister of Planning, said that Syria had no intention of privatising and had made the strategic choice of holding on to state assets in order to face a potential threat from Israel, reported Al Hayat.
Jacques Sarraf, the president of the Lebanese Industrialists Association is heading a delegation to Damascus to congratulate the newly elected Board of Directors of the Damascus Chamber of Industry, said L'Orient-Le Jour.
The Syrian government gave finally its go ahead to Vimpex, an Austrian company, to revamp and run the state-owned Deir el Zor paper factory, reported Al Hayat.