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Minister Al-Khalil: Investment opportunities in Syria are great and promising

2021-10-13T09:15:57.029Z

Damascus, SANA- Minister of Economy and Foreign Trade, Dr. Muhammad Samer Al-Khalil affirmed that investment opportunities in Syria are as



Damascus-SANA

The Minister of Economy and Foreign Trade, Dr. Muhammad Samer Al-Khalil, affirmed that the investment opportunities in Syria are large and promising.

Minister Al-Khalil said in a press conference today: With the return of safety, a number of establishments began to enter the labor market, so the need for a new investment law took into account a set of challenges, such as areas that need development or need reconstruction and the presence of comfortable guarantees for each investor.

Al-Khalil explained that Investment Law No. 18 took into account the need for differentiation to direct investments to priority sectors and grant them exemptions and benefits, noting that the law organized the issue of money transfer with all its mechanisms (money movement, wages, compensation).

He said: During the current period, we are working to protect local production and rationalize imports, and we have succeeded in that.

The Minister of Economy pointed out that trade exchange with Russia has improved in recent years due to the diligence of Syrian and Russian companies, and this is an important growth and comes in second place after China.

He said that the customs exemptions from Russia and the low cost of customs duties encouraged exports to Russia.

In response to a question about the existence of objective and non-objective reasons for the increase in prices, Minister Al-Khalil indicated that, according to the FAO, during last March, prices rose by 30% and justified them by climate changes and Corona. botanical;

Continued…

Source: sena

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