The Turkish Ministry of Commerce stated that the agreements aim to accelerate economic cooperation and cover the fields of trade, customs, and administrative development. It added that the proposed economic committee will replace the free trade agreement that has been frozen since 2011, noting the ongoing consultations on the customs and transportation system, with a proposal to establish a joint customs committee.
The ministry confirmed the signing of an agreement to establish the Turkish-Syrian Business Council tomorrow in Istanbul, and that Turkish banks are preparing to start operations in Syria, while Turkish businessmen aspire to contribute to reconstruction and development projects.
Syrian Minister of Commerce, Mohammad Nidal Al-Shaar, arrived in Turkey on an official visit that will last until next Thursday, heading an economic delegation to discuss ways to enhance bilateral cooperation. Relations between the two countries have rapidly developed since the departure of the Assad government in December 2024.
The trade exchange volume between Turkey and Syria reached 2.6 billion dollars in 2024, and 1.9 billion dollars during the first seven months of this year, according to the Turkish Minister of Commerce, Ömer Bolat. Last June, the two sides signed an international road transport agreement to enhance economic cooperation and expand logistical services.
