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“Iran's Chamber of Commerce will be launched in Syria soon,” told the head of Iran Export Confederation Mohammad Lahoti.

Speaking to ILNA news agency, the Iranian official said “Iran Chamber of Commerce has purchased an office in Syria and is seeking to renovate and prepare it.”

he went on to explain that Syria's goal is joint investment, and Iran's aim is to export goods to this country; adding “we can expand exports and investment in Syria by opening the Chamber of Commerce in this country.”

“When the Syrian market opens and conditions return to normal, we will have various plans for this country as well.”

“Syria is also a good market for joint ventures, but infrastructure must be provided and protocols must be followed,” Lahouti confirmed.

Referring to coronavirus outbreaks in Iran, the economic activist said that Iran's exports have been affected by the coronavirus pandemic but due to the 80% reopening of the borders, Iranian exports will increase in June.

He added that achieving the $42 billion non-oil export target which the country has set for the current Iranian calendar year (ends on March 20, 2021) is possible considering the recent improvements in exports.

The Iranian official further noted that it could also be possible for the exports to increase in the second half of the year to even exceed the $42 billion target.

Iran and Syria agreed on establishing a joint chamber of commerce in business forum in October 2018 to expand their mutual cooperation in different economic fields. Iran-Syria joint chamber is put on the ICCIMA’s agenda and all interested companies can hand in the required documents to be assessed in order for registration.

The two sides also agreed on the optimal benefit from the potentials provided by the Free Trade Agreement signed between the two countries in 2011 with the aim of developing and upgrading the level of trade exchange between Syria and Iran.

Iranian private sector has repeatedly expressed readiness to cooperate with Syria in various areas including construction, transportation, power plants, renewable energy, infrastructure and etc.

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Syria Iran's exports joint investment Iran's Chamber of Commerce
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