Fahd Darwish: Iranians are studying the establishment of factories for heavy industries in the Syrian free zones
Prime Minister Imad Khamis agreed on the recommendation made by the Economic Committee to include goods of Iranian source and origin stored and deposited in the Syrian free zones and directly imported into them with the benefits and exemptions imposed, in accordance with the provisions of the free trade agreement signed between the Syrian Arab Republic and the Islamic Republic of Iran, for a period of one calendar year As of the beginning of the current year «2020».
The Ministry of Economy and Foreign Trade was tasked with presenting the subject of Syrian goods storage stored in Iranian free zones with the benefits and exemptions stipulated under the agreement during the first meeting of the Syrian-Iranian joint committee.
This recommendation came from the Economic Committee in light of the agreement of the concerned authorities on the proposal, with the aim of activating the work of the Syrian free zones and increasing the demand for investment in them and benefiting from the vacant spaces currently in order to achieve an increase in the resulting allowances, including achieving additional revenue for the institution, and strengthening cooperation and trade relations between The two countries, and the fact that the free zones play a distinct role in developing trade and transit and re-exporting to neighboring countries as regional distribution centers, and to enable investors to import large quantities of goods at lower prices.
The head of the Higher Committee for Investors in the Free Zones Fahd Darwish stated that this step came in response to the committee’s request, stressing that this step would bring good revenues to the public treasury from paid occupancy works and goods entering the port free zones in Lattakia and Tartous, and the free zones in these two cities, in addition to The free zone in the city of Hasia, especially in terms of its strategic location, will encourage Iranian investors to establish industrial and commercial areas within it, noting that this decision came with the aim of encouraging investment in the free zones that need to be invested in and the area in which they are open .
Darwish stressed that the most beneficial areas of this decision will be the port areas because most of the goods enter by sea, and the most important goods entering are iron, white cement, granite and ceramics, and that the granite factories were the first to demand permission to include goods of Iranian origin and origin stored and deposited in the free zones The Syrian government and directly importing to it the benefits and exemptions imposed under the provisions of the free trade agreement, in order to establish its own laboratories in the free zones, noting the Iranian desire to set up factories for heavy industries in the free zones in order to participate in a phase Reconstruction, and pointed out that Iranian companies will re-export their goods through free zones to neighboring countries.
He indicated that the Syrian goods without exception will be exempt from taxes on the Iranian side, and that they are well received in Iran, and therefore this decision would increase Syrian exports to Iran.
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