Iran plans to increase value of trade exchange with Syria up to USD 1,5 billion

Tehran, SANA- Director-General of Iran’s Trade Promotion Organization (TPO)’s Office of Arabian and African Countries Farzad Piltan announced Wednesday a plan to increase the trade exchange with Syria up to USD1,5 billion during the coming three years.

In a statement to Iranian Fars News Agency, Piltan pointed out that the organization set a plan to export goods for Syria with a value of USD 400 million in return for imports with a value of USD100 million in 2023, and the remaining amount will be dedicated to expanding exporting technical and engineering services to Syria.

He indicated that the organization is following up the issue of launching a cross-border transport line via Iraq to Syria and to inaugurate a Maritime transport line between the Iranian and Syrian ports.

The Iranian official pointed out that the Iranian exports to Syria during the period between 20^th of March 2020 and February 18 2021 have amounted USD 104 million, recording a decrease for previous similar period, asserting that this decrease is caused by the repercussions of the Coronavirus which led to suspend holding exhibitions in Syria and trade exchange between the two countries.

Hala Zain