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Free zones in Syria are major investment incubators that support national economy

Free zones in Syria are very important investment incubators that contribute to the growth of the national economy. They attract local, Arab and foreign investors who seek carrying out industrial and commercial investments that help enhance trade exchange with other countries, reactivate Transit movement, ports' operations and transport services, create job opportunities and increase the financial resources that support the general treasury.

Eyad Kousa, Director of the General Establishment of Free Zones, said in a statement to SANA  that the establishment always seeks to consolidate the free zones' economic and development role.

Currently, the establishment focuses on encouraging industrial activities through granting additional advantages for the manufactured products in a way that enables producers and investors to compete the products manufactured in Arab countries and gradually stop importing certain products similar to those manufactured in the Syrian free zones, he added.

Tamico Produces 7 new pharmaceutical brands, Sells 7 billion in 3 months

The Arab Medical Company “Tamico” has announced the production of seven new medicinal classes that include anti acids, diarrheals, anti-inflammatories, antihypertensives, muscle relaxants and general body tonics.

The company is proceeding with two parallel production lines, which are the return of traditional items and the introduction of new products that are not on the company’s production list like antibiotics, which are azithromycin and clarithromycin that are in demand at the market.

Waseem’s production unit in Salhab provides 53 job opportunities for families of martyrs

The production unit of the Syrian Company for Ready-made Garments (Waseem)- branch of the sugar factory of Tal Salhab in the western Hama countryside provided 53 job opportunities for women from the families of martyrs to work in a sewing workshop affiliated to it.

The head of the production unit, Shadia Muhammad, indicated to a SANA reporter that the establishment of a sewing workshop benefits dozens of families, noting that the unit produces specific orders for the benefit of Military Missions Department  through annual contracts.

Tariq Al-Ahmad, the supervisor of the unit’ workshops, indicated that Waseem Company has 12 sewing workshops as production units for the employment  of the martyrs’ families. The workshop of Tal Salhab Sugar Company is one of these units as it contains sections for cutting, sewing, packaging and final preparation for shipping clothes according to specific contracts to the Department of Military Missions and government agencies contracting with the company which benefits dozens of families of martyrs.

The Syrian-Chinese joint committee discusses strengthening cooperation in the fields of trade, investment, energy and reconstruction

The Syrian-Chinese Joint Committee for Economic, Trade and Technical Cooperation discussed, in the work of its fifth session, which was held virtually today, ways to enhance cooperation between the two countries in various fields, especially trade, investment, finance, energy, reconstruction, development aid and health.

The Minister of Economy and Foreign Trade, Dr. Muhammad Samer Al-Khalil, who chaired the committee on the Syrian side, stated that international cooperation is the way to address all the problems and challenges that impede the possibility of developing societies and achieving welfare and prosperity for peoples, noting that expanding joint cooperation between Syria and China is a goal for the leadership of both countries, especially as it comes as a translation of President Bashar al-Assad's approach of heading east and the approach of the Belt and Road Initiative announced by Chinese President Xi Jinping.

Minister Al-Khalil invited companies and investors from China to work and invest in Syria and benefit from Investment Law No. 18 of 2021, especially that the Chinese side possesses the experience and competence necessary to invest in the available opportunities, which is an important part of the projects that come in the context of implementing the content of the memorandum of understanding for joint cooperation signed on 12-1-2022 within the framework of the "Belt and Road" initiative.

Vice Minister of Commerce Qian Keming, who chaired the session on the Chinese side, affirmed his country's support for the reconstruction and recovery of the Syrian economy through bilateral cooperation, especially in the fields of development, investment, energy, transportation and human capital, as well as working to improve trade and expand Syrian exports to China, pointing to his country's support for Syria's accession to the World Trade Organization.

For his part, Chairman of the Planning and International Cooperation Commission, Fadi Salti Al-Khalil, praised the historical relations linking the two countries, which have proven their strength and rootedness throughout history, pointing out that the Syrian-Chinese joint committee is an important tool for activating and strengthening bilateral work in all fields.

For his part, the Ambassador of the People's Republic of China in Damascus, Feng Biao, stated that the signing of the memorandum of understanding within the framework of the Belt and Road Initiative between the two countries is a solid basis for further practical steps of cooperation between the two countries.

The session was attended by the Syrian side, which was held via video conference technology, by Deputy Minister of Economy for Economic Development and International Relations Rania Ahmed and representatives from the Ministries of Foreign Affairs, Oil and Mineral Resources, Health and the Central Bank of Syria.

Last January, Syria and China signed a memorandum of understanding within the framework of the Silk Road Economic Belt Initiative and the Maritime Silk Road in the twenty-first century, according to which Syria joins the initiative, which helps open broad horizons of cooperation with China and a number of partner countries in several areas, including the exchange of goods, technology, capital as well as the activation of movement of individuals in addition to cultural exchange.

The Syrian Pavilion at Expo 2020 Dubai wins the Gold Award for Theme Development Category

On March 31st, the Syrian pavilion at the Expo Dubai won the Gold Award for Theme Development Category by embodying the best content in the Expo for rented pavilions.

The International Committee on Exhibitions of the Organization of UNESCO decided unanimously to award the Syrian pavilion the golden award for the pavilion’s ability to implement the concept of development, one of the basic concepts set by the Expo administration as a basis for organizing the global event.

The award was received by the pavilion's General Commissioner, Chargé d'Affairs of the Syrian Embassy in the United Arab Emirates, Dr. Ghassan Abbas.