Map out of the crisis and facing the fluctuations in the Syrian pound
The Damascus Chamber of Industry and its countryside in Syria prepared a study of proposed solutions that include a set of items that it considered would reduce the impact of exchange rate fluctuations on the industry, especially since controlling these fluctuations does not seem easy in light of the great pressures on the Syrian pound.
The memorandum included ways to advance the reality of industrial production and open up export prospects for it in light of the current circumstances in which the country suffers from an unprecedented and severe blockade and where moving the production wheel seems the first line of defense against sanctions, especially after the approval of the Caesar Law.
The memo focuses on the liberalization of industry and all the joints of production from the difficulties and obstacles that it suffers from, especially with regard to securing raw materials and facilitating their import operations, then securing export markets for them and benefiting from the Abu Kamal and Naseeb crossings, which opens the door for Syrian products in all the countries of the Gulf Cooperation Council.
The memorandum included many points that the government actually started dealing with, but it seems that some distortion has received some of these proposals, especially with regard to the supplies that must be frozen in the banking system, which caused pressure on the industrialists as it was reported from them, obliging the importers to supply 40%, but it is Obstruction of the industrialists ’current situation,“ as the industrialists themselves say, ”not a facilitation, especially since the proposal was to replace the 10% dollar bill with 15% in Syria, which happened that the proposal was taken, but after an increase of 25% on the supply, this matter will have negative effects that will start to appear in the coming months. According to industrialists my demands The need to reconsider this decision quickly, at least for the requirements of industry.
Now whatever the points demanded by the Damascus Chamber of Industry and its countryside, which certainly meet the demands of all other chambers of industry and of course with the vision of the Federation of Syrian Chambers of Industry and where industrialists and producers gather that a broad and serious movement must be done to save the industry from stopping and stagnation, especially since there are laboratories It began to stop under the influence of simple causes that could have been avoided, for example, 11 plants in a Kurdish hill were halted due to building violations, although the industrialists were taking light of construction and repair provided that it was not on the territory of the state. Also, electricity prosecutions of bills dating back to the period of demolition and stopping may be a reason To close all under repeated pushbutton customs warehouses and industrial factories that did not talk about the logistics and finance, which mobilized all at once and in line does not seem to say Alsnaaiyon all began organizing patrols towards the factories researcher says about the sad rights.
We are all with the state’s treasury obtaining its rights, but what can be perceived these days is an unorganized and ill-considered case of collection, and where the collection of those rights should have been studied within a clearer framework and taking into account the conditions of the industrialists overall ..
In these lines, we can hardly pass on the small part of what the industrialists say. This arranges the establishment of a real dialogue between the government and the industrialists in order to agree and agree to support the industry and prevent any obstruction or repression to it, and in order to waste efforts made in previous years, and Syria had begun to feel its economic and industrial recovery, a recovery that we seem most in need of at this stage and where the money and efforts appear It can be directed towards the existing and new industry and factories, more important than the money that can be collected in the way it is today, while making sure that we are not against the Treasury collecting its rights, but not in the way it is being done now .. Today we must witness real mobility, discussion and cooperation between government agencies Of the concerned industrialists to launch the process of dialogue and cooperation leading to a real revitalization of private industry and all the solutions are known and on the table, but some have taken decisions about it but have not been implemented so far, most of the decisions relating to the Ministry of Finance.
In this difficult time and in these complex circumstances, production and the pursuit of self-sufficiency appear to be a powerful weapon and even spent in the face of the blockade, sanctions, and even war
Syria today needs to seize all its capabilities and deal with all conditions that would operate the factories and attract capital to the industrial sector because it is a guarantee of a strong economy and capable of facing the blockade, which means organizing the collection process and framing it properly away from any manifestation of “achievement” corruption and focusing on attracting Funds to be used to establish, expand and operate factories
Whenever the state can direct the funds, whether the Syrians money at home or through loans from banks or by attracting foreign and foreign capitals, it thereby strengthens its ability to rebuild its economy based on real capabilities to achieve self-sufficiency, which will help it in dealing with the conditions of the siege and sanctions from the position of strength.
SyriacTips (Acting)
