Measures to Facilitate Supply of Goods Discussed

 (ST)- The Economic Committee recently discussed the economic multi procedures to facilitate the supply of materials and goods from the Islamic Republic of Iran through the agreement on the line of credit facility signed between the two countries and the pricing mechanism to sell these items to the citizens and expand sales outlets. Other points will be presented later to the Cabinet for consideration and adopting what is necessary about them.

The Committee ended at its No. 27 session to assign the General Establishment for Foreign Trade and the General Organization for Storage, and Marketing to conclude the necessary contracts for the supply of goods and materials according to the needs of each institution of the Republic of Iran in the framework of the line of credit facility and the maximum speed with the approval of the General Organization of Consumer to make contracts with the Iranian Arya Tejarat Qarah for the supply of foodstuffs, detergents and manufacturing materials worth at $ 33 million, according to the individual prices and quantities contained in the attached draft contract.

The Ministry of Trade and Consumer Protection was mandated to find the mechanism for the distribution of goods to the citizens by the advance of the supplied with assigning the Commercial Bank of Syria to facilitate the procedures for the supply of goods from Iran across the line of credit facility in terms of opening credit to public institutions mentioned above as well as the exemption from the payment of any interest on the value of contracts for procurement with mandating the bank to open the necessary funds after the approval of the commission for the allocation of foreign exchange in the event of failure to provide such approval to open the necessary provision to be presented to the first session to come to the commission’s allocation of foreign exchange .

During its meeting, the Economic Committee showed that the agreement on the final prices of materials between the governments of Syria and Iran will be later through committees formed for this purpose to price these materials administratively based on the proposal of the Ministry of Trade and Consumer Protection and the approval of the Economic Committee.

The  exchange rate will be adopted as bulletin currency exchange rates issued by the  central for the purposes of interfering with the mandate of the Ministry of c Trade and Consumer Protection follow-up with the Governors, unions, popular organizations and trade unions to expand outlets for citizens and studying the possibility of reinvesting installations and selling galleries to the public institution. 

Sh.  Kh.