Although more than one senior government official was keen to defend the supply decision, which requires the importer to deposit 40% of the value of any import license, and they explained it carefully, the last of which was the Minister of Economy and Foreign Trade.

 

However, there is a common opinion among importers, traders, industrialists and even economic researchers that the decision at this time was not a waste of time and money hindering work and speeding its completion ..

 

Many affirm that import and financing suffer from many internal and external problems.

 

When completing the import process, the first unjust sanctions appear on Syria with its deep and direct effects .. The sanctions make there are many difficulties in transporting goods to multiple ports in order to avoid and thus circumvent the penalties and this leads to additional costs and an increase in the commission of insurance companies for goods, given that Syria is a region for them. They are dangerous and cannot work or disclose work in favor of goods supplied to them.

 

Sanctions directly raise the costs of importing to Syria, and most importantly, they have created a state of risk at the highest levels, which makes importing to it sometimes an adventure, in every sense of the word.

 

Today, in addition to the lack of credit facilities, most of the exporting companies require the full price of the goods before shipping and upon opening the vacation. As for financial transfers, it is the biggest and most important problem. As is well known, all the banks of the world refuse to transfer to any Syrian company, and therefore Syrian merchants turn to exchange and transfer companies with fake names to get around The penalties and this cost them very large commissions and great risks from losing these transfers, except for the big commissions. We produce currency changes from dollars to euros to be received from the supplying companies because they refuse to accept the dollar as a Syrian company. All of this constitutes an important party in the import process. A party that costs the importer a lot of money and risks, which is what everyone should know .. We are here not to try to defend the importers, but we are trying to put you in the form of the risks they incur that require the concerned authorities to take them with attention and seriousness at least and these The authorities impose a 40% ration to deposit them in the Syrian banking system at every import license, with what it can take from time and thus freeze an important part of the capital.

 

If we want to talk about financing, and here we make a cross between a group of opinions.

 

Most people think that there is financing at a price of 438 pounds per dollar, which is the official price and goods are often calculated on this basis, but the reality is different when we know that the Syrian banks do not process the financing of the leave only after a very long period of up to months for large transfers and then other vacations will come For the same article and waiting in line and so on ..

 

Here, we can provide an example to explain what we are trying to say: One of the leaves is funded for 3 months, and in the meantime 10 shipments have been received, so how is the financing? And on what basis are the prices calculated? Can this shipment be funded or not? Where the funding can extend for several months. Here we ask how the capital of these shipments is frozen for several months or a year at least, of course this is not practically possible because the import loop must be completed by receiving the funds quickly to send them to the exporting companies to import the following shipments and so on. As for the value of the transfer of the materials that are funded, it is only through specific exchange companies and they charge very large commissions between 35 to 40% of the amount value in addition to the delivery of 15% of the goods at the cost price to the Syrian Trade on the central price without calculating the commissions and expenses. After the new decisions, the importer must, upon opening the license, deposit 25% of the vacation value in the bank and freeze it for a month, and deposit 15% of the vacation value and freeze it until receiving the goods (approximately 3 months) only. We have to imagine the amount of money that the importer will freeze to import any material Start from opening the license until goods are received and transfer that extends for several months, especially for foodstuffs that require the recovery of large quantities, especially since the constant inflation market arranges additional losses when these supplies are reviewed

 

. Therefore, most importers abstained from financing and reduced their import volumes due to the inability of most traders to maintain the same volume of import due to insufficient liquidity due to the freezing of capital for long periods and thus will negatively affect the presence of goods in the market.

 

Our motives for writing these lines are not to attack the decision of the Ministry of Economy, nor to support the profits of importers and later merchants, but rather an attempt to illuminate some angle from the reality of import. The result may be scarcity of materials and thus their monopoly and high prices, so what are we doing then?

 

The import process must be formulated to meet the needs of the market without the tendency towards luxury goods, of course in parallel with stopping smuggling.