Economy

‘Iran, Syria discussed activating strategic economic cooperation deal’

The Syrian economy minister says he recently exchanged views with Iran’s minister of roads and urban development on ways to operationalize the long-term strategic economic cooperation deal inked in 2019.

In an interview with the Alahednews Portal, Mohammad Samer al-Khalil said he had held talks with Rostam Qassemi in Damascus on solutions to remove the obstacles hindering bilateral cooperation.

He described Tehran-Damascus economic cooperation as “vital” for Syria, which is emerging from a decade-long campaign of terror and destruction.

Khalil said bilateral trade had been slowed down as a result of issues with transportation and financial transactions, which were discussed in detail in the meeting.

During the meeting, he added, the two sides discussed how to activate the major articles of the 2019 strategic economic cooperation deal.

“This is an important agreement with many different articles and it will promote economic and trade relations. Both sides have a serious determination and, God willing, this resolve will bear fruit via the committees that are supposed to follow up on the measures in the next stage,” he added.

Khalil explained that Iran and Syria had reached complete agreements on trade and economic cooperation, “but their provisions have yet to be activated, including customs tariffs, facilitating the entry of goods into the two countries and commodities that are exempt from the free trade agreement, as well as investment projects that Iranian companies can carry out in Syria.”

Qassemi traveled to Damascus earlier this week at the head of an economic delegation. He said Thursday that Iran and Syria agreed to set up a joint bank and special economic zones.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Russia hits Ukraine’s power grid in biggest missile attack in months

Blasts rang out across Ukraine’s capital Kyiv and other cities early on Sunday, as Russia…

1 hour ago

At least 50 Palestinians killed in Israeli air raid on northern Gaza

At least 50 Palestinians were killed in Israeli airstrikes on a five-story residential building in…

1 hour ago

Biden meets Xi, condemns North Korean soldiers dispatch to Russia for fight against Ukraine

Outgoing US President Joe Biden met Chinese President Xi Jinping in Lima, Peru, to discuss…

1 hour ago

Human rights group documents Israel’s murders, extrajudicial executions of Gazans

A human rights group has documented horrific premeditated murders and arbitrary extrajudicial executions of Palestinians…

2 hours ago

Iran says daily gas output from South Pars hit all-time high

Iran’s state-run Pars Oil and Gas Company has announced that daily production from the South…

5 hours ago

American tycoon Elon Musk threatens to ‘nuke’ people behind Russia-links smears

American billionaire Elon Musk has vowed to take action against those responsible for making false…

5 hours ago