27.01.2025 11:11
The new administration in Syria had increased the import taxes on goods from Turkey by 500%. Trade Minister Ömer Bolat stated that Syria has reviewed the customs duties on certain products and that an agreement has been reached on this matter.
The new interim government in Syria has increased the taxes on imported products from Turkey by 300% to 500%. This decision has brought exports to a standstill and caused significant difficulties in trade. Companies exporting from Turkey to Syria were expecting a more active intervention at the government level to resolve the issue.
AGREEMENT REACHED
Negotiations between Turkey and Syria, which have been ongoing for two weeks, have yielded positive results. The details of the agreement, which will further strengthen trade relations between the two countries and increase export volume, were announced by Trade Minister Ömer Bolat.
Bolat announced that the Free Trade Agreement between Turkey and Syria has been revived. He stated that Syria has reviewed the customs duties on certain products and that an agreement has been reached on this matter. Trade Minister Ömer Bolat said, "I would like to express that an agreement has been reached on the revival of the Free Trade Agreement between our country and Syria, as well as on Syria's review of customs duties on certain products."
SURIA INCREASED TAXES ON IMPORTS FROM TURKEY BY 500%
After the fall of Bashar al-Assad's regime in December 2024, the interim government established in Syria made a decision that would deeply affect imports from Turkey. The new administration had increased the customs duties on imported products coming from the Turkish border by 300% to 500%. This decision has nearly brought trade between the two countries to a standstill, while exporters and Syrian importers in many sectors are facing significant challenges.