Import Replacement (10)

06-01-2021

The French subsidiary of Synutra International, a Chinese infant formula manufacturer, has signed a memorandum of understanding (MoU) with Syria’s Bakkour Company for Food Production to provide advisory and other services for a new factory in the Hama province.

23-09-2020

The sharp rise in the cost of raw materials is leading to a shortage of paper products, including schoolbooks, despite a recent increase in local production capacity.

10-06-2020

The collapse of the Syrian pound has hiked the price of key fodder inputs, which are already facing shortages. Eventually, this will have an impact on the cost of food.

27-05-2020

The government has announced that it is strengthening its two-year-old import replacement programme, which aims to reduce the country’s import bill.

18-03-2020

The government has agreed to subsidise loans granted to Aleppo industrialists in a bid to kickstart investment in Syria’s traditional manufacturing hub.

04-12-2019

The Ministry of Economy and the Central Bank of Syria have tightened the conditions to obtain an import licence as they seek to reduce the sale of foreign currencies.

09-10-2019

The government is subsidizing loans granted by Syrian banks to manufacturers in a bid to promote local production and reduce imports.

07-11-2017

A decision by the government to facilitate the import of textile fabrics has created wide protests among powerful Aleppo manufacturers and highlighted the contradictory interests of the Syrian business community.

11-01-2016

The Syrian Government has rushed in recent weeks to approve various laws and decisions in the economic field.

01-03-2004

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.

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.