TEHRAN – Iran’s Trade Promotion Organization (TPO) is going to hold a conference on Syria’s trade opportunities for Iranian business operators on Sunday, March 3, an official with the organization announced.

Abdolamir Rabihavi, the director general of TPO West Asia Office, said: “Syria is one of the export target countries of the Islamic Republic, and after the end of the military crisis and establishment of peace in the region, Iranian traders and businessmen are getting more interested in the Syrian market.”

Emphasizing the need to raise awareness among Iranian traders about the political and economic situation in Syria, the official added: “Iranian manufacturing and exporting companies have greatly welcomed this conference so that in the end we had to consider a ceiling for the presence of Iranian companies.”

According to Rabihavi, 150 Iranian companies have been selected to participate in this conference.

The official said the organization has been taking effective measures to increase the share of Iranian companies in the Syrian market.

He pointed to the Free Trade Agreement (FTA) between Tehran and Damascus and added that the customs tariffs agreed with Syria have been minimized to the zero level.

The two countries have high potential and capacities to boost their trade, Rabihavi added.

As stated by the former TPO head, Iran has allocated a special budget of $50 million to support the Iranian export companies active in the Syrian market.

“Iran and Syria have good political relations and we must use this opportunity and encourage the private sector and our businessmen to enter the Syrian market and the government must do its best in this regard,” Alireza Peyman Pak said.

Iran and Syria signed four documents to boost cooperation in the fields of trade and industry during a visit of an Iranian delegation headed by the country’s industry minister to Damascus in 2022.

The documents were inked at the end of the two countries’ joint economic and industrial committee meetings which were held in the Syrian capital.

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