Türkiye’s high commerce official is because of arrive in Damascus on Wednesday for two-day talks marking probably the most high-profile go to by a Turkish financial official to Syria because the ouster of longtime dictator Bashar Assad.
Trade Minister Ömer Bolat will meet with high Syrian officers to debate commerce, customs, transportation, funding and power, a report by Anadolu Agency (AA) stated on Tuesday. He shall be accompanied by Turkish business leaders, in addition to the heads of chambers and commerce associations.
Syria is reeling from practically 14 years of civil battle that decimated its infrastructure and economic system and severed it from the worldwide monetary system. Opposition forces overthrew Assad after a lightning offensive in late December.
Since then, officers have repeatedly voiced Türkiye’s assist and readiness to assist rebuild the neighboring nation. Transport and manufacturing corporations eye large growth plans for Syria in what some count on shall be a tripling of commerce.
Bolat’s go to goals to strengthen cooperation and improve communication between the 2 nations and enhance inter-institutional coordination for the rebuilding of Syria, the AA report stated.
Bolat is scheduled to satisfy Syrian Economy Minister Nidal Shaar, Finance Minister Mohammad Yasar Bernia, Transport Minister Yarub Badr and Qutaiba Ahmad Badawi, director-general of Land and Sea Ports.
As a part of the go to, leaders from the Turkish business group will meet with Syrian counterparts at a business discussion board and roundtable conferences to discover new partnership alternatives.
Bolat’s assembly with Shaar is predicted to handle a street map for a complete financial partnership settlement, aimed toward deepening bilateral commerce ties, the report stated.
Last 12 months, Türkiye’s exports to Syria stood at $2.2 billion, whereas its imports have been $437 million, official information confirmed.
In late January, Turkish and Syrian authorities agreed to begin talks to revive a free commerce settlement suspended in 2011, when the civil battle started. And nationwide flag provider Turkish Airlines is one in every of a handful of carriers to have resumed flights to Damascus after a 13-year suspension.
Discussions with Bernia will cowl Türkiye’s potential contributions to strengthening Syria’s institutional financial infrastructure, cooperation on lifting worldwide sanctions, banking sector improvement and the nation’s broader reconstruction efforts.
The assembly with Badr will concentrate on enhancing transport hyperlinks between the 2 nations, reinforcing logistical networks and exploring joint transportation initiatives that would assist regional improvement.
Talks with Badawi will deal with the modernization of border crossings, enhancements to customs infrastructure and personal sector expectations relating to present customs duties.
Deputy Trade Minister Mustafa Tuzcu and his delegation traveled to Damascus on Jan. 23 and held a sequence of conferences with Syrian counterparts, which resulted in Syria reducing tariffs on some merchandise.
On Feb. 8, the previous regime’s restrictions on customs providers for commerce between Türkiye and Syria have been lifted.
Source: www.dailysabah.com