Import and Export Departments in the GFTO to be Expanded

Economy & Aftermath

DAMASCUS- A decision was made, at the Cabinet, to expand the import and export departments at the General Foreign Trade Organization (GFTO), and to establish a joint work between them and the Syrian Trading company with a view to develop their work in line with the growing commercial role.

During the meeting, which was chaired by Eng. Emad Khamis the Prime Minister, it was approved to grant the GFTO a loan worth 50 billion Syrian pounds for the expansion of the import process. The company was also asked to activate the export of local products, especially cement, medicines, handicrafts, barley and porcelain.

The GFTO was directed to develop a sophisticated incentive system for its workers and to continue their training and rehabilitation and to assess their cadres and their need of manpower to repair the shortfall.

The Prime Minister stressed that the stage requires that public sector institutions should be the best economic indicators under exceptional circumstances, stressing that these institutions have been and will remain the main guarantor and supporter of food security.

Sh.Kh.

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