Syria on the Road to Recovery….. International Partnerships Revive Economic Hopes

• Signs of Economic Recovery After Years of Crisis

 

After many years of war, crises, and sanctions, Syria has begun to open new prospects toward a phase of economic recovery. Despite the significant challenges that still persist, positive indicators have started to emerge—signs of gradual transformations that may lay the foundation for a renewed economic momentum.

 

• Activity in Agriculture and Industry

 

In recent months, key sectors such as agriculture and industry have shown noticeable activity. Some factories have resumed operations, and locally produced goods have started to reappear in markets—an indication of efforts to restore the country’s internal production cycle.

 

• Remittances from Expatriates: A Lifeline for Purchasing Power

 

Additionally, remittances from expatriates have played a clear role in supporting the purchasing power of broad segments of the population.

 

• Agreement with CMA CGM: A Gateway to International Partnerships

 

On the international cooperation front, a recent agreement signed with the French shipping giant CMA CGM, a global leader in shipping and logistics services, marked a significant development that reflects a cautious move toward external partnerships.

 

This step indicates a level of mutual confidence in building strategic projects in areas such as maritime transport, port rehabilitation, and infrastructure development.

 

The agreement is also expected to facilitate import and export operations and reduce logistical burdens on the domestic economy amid ongoing sanctions and limited access to global markets.

 

• Strengthening Supply Chains and Gradual Openness

 

This agreement with CMA CGM stands as a qualitative milestone in Syria’s gradual economic openness, potentially aiding in the reintegration of Syria into regional and international supply chains.

 

It also reflects limited but tangible international interest in reestablishing economic ties, affirming that improving logistics infrastructure may serve as a gateway to strengthening exports and supporting the local market—even amid persistent challenges.

 

• Government Projects and Investment Initiatives

 

On the governmental level, reconstruction and infrastructure projects have been announced, along with the opening of trade and industrial exhibitions and efforts to encourage both domestic and foreign investment, despite complex regional and international conditions.

 

Although the impact has yet to reach every household, the mere fact that the wheels of the economy have started to turn again after such prolonged stagnation is, in itself, a noteworthy achievement.

 

• The Road Ahead: Slow Progress, but Moving Forward

 

Certainly, many challenges remain: rising prices, weak services, and difficulties in exporting due to sanctions. However, it would be unfair to ignore the ongoing efforts on multiple fronts and the internal will to create a stable economic environment that paves the way for a more productive and equitable phase.

 

Recovery will not be quick, nor will it be easy. But the determination to move forward, step by step, may be the only viable path at this moment.

 

After everything the country has endured, it is enough that the economy is moving-no matter how slowly, for even the smallest steps mark the beginning of change.”

 

Rawaa Ghanam

 

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