The first conference of the Syrian-Iranian Chamber of Commerce: Providing facilities for establishing joint investment projects

Damascus-Sana

Participants in the first conference of the Syrian-Iranian Joint Chamber of Commerce called for working to raise the level of economic relations between the two countries to the highest levels and provide the necessary facilities for the establishment of joint investment projects in both countries.

The participants at the conclusion of the conference today held at the Ebla Al-Sham Hotel in conjunction with the opening of the Damascus International Fair in its 61st session to the need to develop a free trade agreement signed between the two countries in 2011 through the abolition of goods excluded from the agreement and the cancellation of duties and taxes imposed on goods exchanged between the two countries to reach To implement a complete free trade area and to abolish all non-tariff restrictions from preventing, restricting and suspending in order to increase the volume of trade exchange between the two countries.

The recommendations also included support for the establishment of a database on economic and industrial activities in both countries, the establishment of a joint commercial bank to finance trade exchange between Syria and Iran and national currencies, the establishment of a joint insurance company and its adoption of the joint trade exchange, facilitating the establishment of joint exchange companies and giving priority to joint projects that depend on materials. Initial and national production requirements and providing facilities for the establishment of national products fairs in both countries and to consider the establishment of a joint holding company.

Minister of Economy and Foreign Trade Dr. Mohammad Samer Al-Khalil stressed the need to activate trade and economic cooperation between the two countries permanently and develop a long-term strategic agreement to form and increase the volume of trade exchange, which has witnessed a remarkable development since 2015 and work continuously to raise the level of ambitions, hoping to establish successful projects for companies. Iranians in Syria to participate actively in the reconstruction process, diversify their investments and establish joint companies with the Syrian side.

Iranian Minister of Roads and City Building Mohammad Eslami pointed out the importance of the conference and participation in the Damascus International Fair to familiarize the Iranian side with the investment opportunities available in Syria, develop relations, increase investments and facilitate participation in the reconstruction process, especially as the Iranian government has the desire that Iranian companies should have priority in this stage.

Advisor to the First Vice President of Iran and Chairman of the Committee for the Development of Syrian-Iranian-Iraqi Economic Relations Hassan Dana'i called for upgrading the level of economic and trade cooperation between the two countries to the level of political relations, especially that the will is available to the two peoples to work in this direction, wishing the governments of both countries and the private sector to pay attention to the subject of cooperation and the formation of joint committees And the establishment of joint Iranian-Syrian regional companies.

President of the Syrian-Iranian Joint Chamber of Commerce from the Syrian side Imran Shaaban Ali stressed the need to increase economic cooperation and trade exchange and overcome obstacles of cooperation, noting the support of the Syrian and Iranian governments for the efforts of the chamber to increase cooperation between the two countries and increase customs reductions.

President of the Chamber from the Iranian side Kiwan Kashefi pointed out the need to focus on creating specialized relations between businessmen in the two countries, especially in the fields of agriculture and industry, and that Iranian companies have a role in the reconstruction of Syria, pointing to the importance of Iranian participation in the Damascus International Fair.

The Vice-President Fahd Darwish pointed out that the recommendations of the conference constitute a working paper to be submitted to the Syrian and Iranian governments for consideration and implementation to activate economic, trade and investment cooperation between the two countries.

The conference was attended by Syrian Ambassador in Tehran Dr. Adnan Mahmoud, Iranian Ambassador in Damascus Jawad Turk Abadi, a number of heads and board members of chambers of commerce and industry and a crowd of Syrian and Iranian businessmen interested in economic cooperation between the two countries.

Ahmed Souliman

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