Cotton (214)

The Ministry of Economy and Trade has published a new list of items authorized for imports in Syria.

Al-Ahliah Vegetable Oil Company (AVOCO) has announced a significant increase in both sales and profits in 2007.


The General Organization for Cotton Ginning and Marketing (CGMO) posted after-tax profits of SYP 3.5 billion (USD 70 million) in 2007, according to its Director-General, Nazir Lababidi.

The US Census Bureau has published a detailed breakdown of US-Syrian bilateral trade in 2007.
The State Planning Commission is organizing a 2-day conference in Deir-ez-Zor to promote investment in the eastern part of Syria.

The Syrian Investment Authority has licensed 18 investment projects worth a combined SYP 9.5 billion in its latest session on July 19.


Syria’s wheat, barely and cotton crops have been hardly hit by poor weather conditions, according to the head of the planning department at the Ministry of Agriculture.

Syria’s total foreign trade volume rose to SYP 1 trillion (USD 20 billion) in 2006, an annual increase of 12 percent, according to preliminary estimates from the Central Bureau of Statistics.

Syria’s production of cotton is expected to drop by a third in the 2006/2007 crop to 650 000 tons


The value of crude oil exports represented only a third of total exports in the first nine months of 2006, according to preliminary data published by the Central Bureau of Statistics.


The Ministry of Industry has given some hints as to the broad outlines of the reform of the state-owned industrial sector


Raw cotton production is expected to fall this year following sharp changes in temperature and heavy rains.


The Association Agreement establishing a free trade area (FTA) between Syria and Turkey will enter into force on January 1, 2007 after all remaining legal documents required from the Turkish side have been finalized.


Exports by public sector textile firms have risen significantly in the first eight months of this year according to preliminary estimates


The Ministry of Economy has issued a series of decisions to allow the private sector to import several new consumer and industrial items.


The General Organisation of Textile Industries, the body supervising the state-owned textile sector, announced a drop of around 4 percent in the price of the cotton yarns it sells to local textile manufacturers.

Syrian exports of textile products to the European Union fell sharply in 2005.

The Government approved on May 2 the set-up of the "Eastern Region Development council", which will have the task to coordinate development programs in the three eastern provinces of Hassakeh, Raqqa and Deir-ez-Zor.


Syria has increased its cotton ginning capacity after the inauguration of a new ginning plant in Deir-ez-Zor with an annual capacity of 100 000 tonnes.

Syria’s Cotton Ginning and Marketing Organisation (CGMO) recorded profits of SYP 5.228 billion (USD 100 million) in 2005, according to Omar Wasfi Aqili, its director-general.
Syria allowed the import of several types of textile fabrics in a statement made by the Minister of Economy and Trade Amer Hosni Lutfi.
In an effort to decrease the government’s fiscal bill and to stop the smuggling of oil derivatives across frontiers, a Syrian governmental committee recommended gradually increasing the price of oil derivatives in line with a long term-goal to ap...

In an unprecedented and unexpected move, the Syrian government surprised the industrial and the commercial local community by allowing the import of garments from all over the world with a tariff barrier of 47.5 percent.

The Syrian government will earmark USD 523 million for the development of the two governorates of Raqqa and Hassake in its upcoming five-year plan for 2006 to 2010.
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 garment industry is dominated by the private sector and has dramatically improved in the last fifteen years. Production is on the rise and so is quality.
Exports have stagnated in the last few years, although, according to most analysts the Syrian production is competitive both in terms of quality and price. Marketing remains weak and product diversification limited.
The Syria Report is publishing, with support from the Syrian European Business Centre, a special report on Syria's textile industry, Textile in Syria 2005.

Ministry of Industry continues to seek the involvement of the private sector while avoiding privatization.

The historic visit of the Syrian President aims at bolstering ties between the two countries following the US sanctions.
Syria and Turkey are moving ever closer towards the setting up of a Free Trade Area between them.
The General Organisation of Textile Industries has inaugurated its largest cotton ginning plant in Raqqa (northeast Syria).
Syrian exporters continue to fare badly in export markets. The issue has become more pressing following the gradual opening of the domestic market to foreign competition.
The General Organisation of Textile Industry lost SYP 1.7 billion in 2003.
The economic feasibility study for the building of a new cotton yarn and textile manufacturing plant in Tartous is expected to be completed before the end of November.
The Ministry of Industry (MoI) has asked the Ministry of Economy and Foreign Trade (MoE) to delay the trade liberalization of a number of products in order to protect the local industry.
The Foreign Service of the US Department of Agriculture (FAS-USDA) has released its annual report on Syria's cotton sector.
Besides the on-going negotiations to reform the public industrial sector, other state-owned companies are trying to reform their managerial methods in order to adapt to their increasingly market-oriented business environment.
Syria's public industrial sector (PIS) released improved figures for last year, both in terms of sales and of production.

The draft law amending Syria's investment framework has been published by Al-Baath, one of the three national state-owned dailies.

Syria's Gross Domestic Product (GDP) grew 3.35 percent in 2002, according to the Minister of Economy, Ghassan al-Rifai.
Syria's production of cotton is expect to reach around 820,000 tonnes this year, from 1 million tonnes last year.
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.
The first effect of the collapse of the Zeyzoun dam have come out, with a report that the production of cotton is going to fall by a third to 723,000 tons in 2002, from 1MT last year.

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.


According to Syria's minister of agriculture, the country's reserves in wheat have reached 2 years milling requirements.
Total area planted with cotton is expected to reach 108,600 hectares this year, according to al-Baath.
Lattakia's state-owned spinning company exported USD43 million worth of cotton yarns last year, said Teshreen.
Egypt has decided to set 150% custom rates on all imports of Syrian cotton yarns into the country, reported the state news agency, MENA.
Egypt has decided to set 150% custom rates on all imports of Syrian cotton yarns into the country, reported the state news agency, MENA.