FTA to Boost Tehran-Damascus Trade: Official
TEHRAN (Tasnim) – An official at the Trade Promotion Organization of Iran said that implementation of a Free Trade Agreement (FTA) between Iran and Syria would beef up the mutual trade to a great extent.
The FTA between Tehran and Damascus was signed 13 years ago but it has not yet been implemented, Mahdi Zeyghami said, calling for efforts to accelerate the implementation of the agreement and spur the bilateral trade and economic activities.
Stating that Iran currently hold about a 10% share of Syria’s market, the deputy minister of industry said, “It is predicted that Iran will export $500 million worth of products to this Arab country in the current Iranian calendar year (that started on March 20).”
Earlier, Director General of the West Asia Office of the TPOI Abdolamir Rabihavi said a forum will be held to introduce the opportunities in the Syrian market and pave the way for exporting technical and engineering services to Syria and rebuilding the Arab country.
Syria is one of Iran’s export target markets and has been put at the focal attention of Iranian traders, he stressed.
Rabihavi invited Syrian economic activists and officials to take part in the Iran Expo 2024 and noted that Business-to-Business (B2B) meetings with Syrian entrepreneurs are expected to be held at the expo in line with promoting bilateral trade.
The 6th International Export Potential Exhibition of the Islamic Republic of Iran, dubbed “Iran Expo 2024”, will be inaugurated on April 27 and run until May 1.
