News ID: 302877
Published: 0240 GMT May 08, 2021

Iran-Syria trade increasing

Iran-Syria trade increasing

The head of Iran-Syria Joint Chamber of Commerce said that trade is rising between the two countries.

Keyvan Kashefi said that currently Syria is moving towards reconstruction, and items in the fields of construction, bridge and dam building, electricity supply, and technical and engineering services are at the top of Iran's list of exports to Syria, Fars News Agency reported.

Syria's trade statistics show that trade with China and India has not changed in the past three years, but Iran's trade with Syria is on the rise, he added.

Saying that the two sides are still far from their targeted bilateral trade, Kashefi said plans must be put in place to see an improvement in exports and imports with this country, and some important steps have been taken in this regard.

In early 2019, Iran and Syria signed 11 deals and MoUs, including a long-term economic and strategic cooperation agreement to strengthen cooperation between the two countries.

Last October, Kashefi said the establishment of the Iranian Trade Center in Damascus is a step toward achieving an annual target of exporting non-oil goods worth $1 billion to Syria.

The center’s building has been constructed in an area of 4,000 square meters and purchased, equipped and become operational using the investments by Iran-Syria Joint Chamber of Commerce, he added.

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