Retail & Trade

The Syrian President issued on January 28 a new decree regulating investment in the country's free trade zones (FTZ).
Syria and the United Arab Emirates have signed a bilateral agreement scrapping customs duties and taxes on all national commodities produced in the two countries with effect from 1 January 2003.
Syria's Minister of Economy, Ghassan al-Rifai, authorised the Commercial Bank of Syria (CBS), the country's main bank, to set aside USD500 million annually as credit facility to pay for raw material import requirements by industrialists and traders.
Adnan Suleiman, the Director-General of Syria's free zones organization (GOFZ), announced new expanding figures for the activity of the countries six free trade areas (FTA).
A preliminary protocol was signed by Syria and Tunisia for the set up of a free trade zone between these two countries, said Al Baath.
Syria has abolished the market monopoly of import agents in a move aiming at liberalizing foreign trade and reducing import costs.
Syria's private sector exports raised to USD754.3 million in the first half of the year, from USD304 million in the same period of last year, a 150 percent year-on-year increase.
Bilateral trade between the Czech Republic and Syria reached USD65.6 million in the first half of this year, from USD53.2 million for the whole of last year.
Syria's exports to Lebanon in the first six months of the year fell to USD 112 million, from USD 159 million in the same period of last year.
The Syrian President has signed into decree a law establishing two new free trade zones in the eastern part of the country.
The Syrian government has banned the import of diesel vans, in a move designed at reducing pollution in the country.
Syria's trade with Jordan has increased by 68% in the first five months of the year according to a statement released by the Jordanian Department of Statistics.  
A delegation of the French Businessmen Organisation (MEDEF) is currently on a 3-day tour to Syria.
Syria is to unify the different currency rates it applies to its imports.
Syria and Iraq have agreed to standardize 172 descriptions for goods and commodities exchanged between them, according to a communique released at the end of the 4th session of the Syrian-Iraqi joint committee.


SME Support Fund
Damascus Chamber of Commerce
Damascus International Trade Fair
Damascus International Fairground