The Syrian-Iranian Investment Forum: Joint efforts to achieve industrial and economic integration

Damascus (ST): With the wide participation of representatives of the industrial and commercial sectors in Syria and Iran, the Ministries of Economy, Foreign Trade and Industry, in cooperation with the Iranian Ministry of Industry, Trade and Mines, held at Dama Rose Hotel in Damascus the “Syrian-Iranian Foundation Investment Forum” to discuss joint investment opportunities available under the current circumstances.

 At the conclusion of the forum, which dealt with investment axes in the sectors of industry, economy, and foreign trade, the participants recommended the formation of a joint committee from the Syrian and Iranian governments, comprising representatives from the Customs Administration, the Standards Authority, the Investment Authority, the ministries of health, tourism and free zones, and two members from the Joint Chamber of Commerce in order to overcome obstacles and follow up on issues raised in this field.

Emphasis was placed on the establishment of four exhibitions for the sale of Syrian products in four different Iranian provinces, holding “agricultural, industrial and commercial” economic forums once every two months “alternating between Iran and Syria” and allowing Syrian goods to enter the Iranian market without customs duties in support of the Syrian economy and re-exporting them to neighboring countries of Iran.

It was also agreed to work on solving the problems of Iranian companies investing in Syria, continue communication to solve the problem of land freight between the two countries through Iraq, follow up the proposal to form a joint shipping company, work on solving the problem of remittances, study the possibility of exchange in local currencies, encourage medical, environmental and recreational tourism, and increase the number of flights between the two countries.

K.Q.