The Chairman of Iran-Syria Joint Economic Committee Keyvan Kashefi said to ILNA news agency that Iran Chamber of Commerce has suggested launching a second $ 1 billion credit line to Iranian companies active in Syria.
Speaking to ILNA correspondent, he added “We proposed to Iran central bank that all Iranian companies active in Syria would be able to use this credit line if their status is approved.”
He referred to Iranian trade center in Damascus, stating this center is in the final stages and to be open within the next three months.
“Up to now, some business activists have registered to attend the trade center,” Kashefi added.
Asked whether Syria has the potential of the Iraqi market for Iranian goods, the head of the Iran-Syria Joint Economic Committee said "No, if we look logically, this potential does not exist.”
“Iraq is OPEC's second-largest oil producer with high oil revenues but we can export $ 1 billion to Syria in the next two years.”
Iran and Syria agreed on establishment of an Iranian Trade Center in Damascus free zone back in January.